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Daily Pivots: (S1) 1.2687; (P) 1.2719; (R1) 1.2765; More… Intraday bias in GBP/USD remains neutral at this point. While another rise cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 1.2867) holds. Below 1.2615 minor support will turn intraday bias back to the downside for retesting 1.2486. Break […]

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27/02/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8785; (P) 0.8803; (R1) 0.8819; More…. USD/CHF is extending the consolidation from 0.8884 and intraday bias stays neutral. With 0.8727 resistance turned support intact, further rally is expected. On the upside, above 0.8884 will resume the rally from 0.8332 to 100% projection of 0.8332 to 0.8727 from 0.8550 at 0.8954. However, sustained […]
09/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3623; (P) 1.3635; (R1) 1.3647; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. Corrective pattern from 1.3845 could still extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above 1.3686 […]
25/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3389; (P) 1.3473; (R1) 1.3515; More… USD/CAD’s break of 1.3439 support confirms resumption of whole fall from 1.3946. Intraday bias remains on the downside for 61.8% projection of 1.3946 to 1.3439 from 1.3646 at 1.3333. On the upside, above 1.3486 minor resistance will turn intraday bias neutral for consolidations. But outlook will […]