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GBP/USD’s up trend resumed last week by breaking through 1.3265. Initial bias stays on the upside this week for 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, below 1.3219 minor support will turn intraday bias neutral and […]

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11/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8973; (P) 0.8987; (R1) 0.9011; More… Intraday bias in USD/CHF remains neutral as range trading continues. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term bullishness and […]
27/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0809; (P) 1.0824; (R1) 1.0836; More… Intraday bias in EUR/USD remains neutral at this point. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to 1.1138. . However, […]
08/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6655; (P) 0.6702; (R1) 0.6762; More… With 0.6759 minor resistance intact, further decline is expected in AUD/USD. Fall from 0.6870 short term top would target 55 D EMA (now at 0.6612). Some support could be seen there to bring rebound on first attempt. On the upside, however, break of 0.6759 minor resistance […]