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Daily Pivots: (S1) 152.07; (P) 152.72; (R1) 153.30; More… Range trading continues in USD/JPY and intraday bias stays neutral for the moment. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will […]

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USD/CAD Daily Outlook

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11/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8476; (R1) 0.8495; More… Range trading continues in USD/CHF and intraday bias remains neutral. With 0.8356 resistance intact, further decline is expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish […]
05/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2842. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]
09/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2692; (P) 1.2729; (R1) 1.2786; More… GBP/USD is extending sideway trading below 1.2826 and intraday bias remains neutral. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price […]