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Daily Pivots: (S1) 1.4336; (P) 1.4370; (R1) 1.4427; More… Immediate focus is now on 1.4466 resistance with current strong rally ins USD/CAD. Decisive break there will resume larger up trend to 1.4667/89 long term resistance zone. On the downside, break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D […]

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USD/CAD Daily Outlook

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18/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3127; (P) 1.3178; (R1) 1.3211; More… Immediate focus is now on 1.3265 resistance as GBP/USD’s rise from 1.3000 extends today. Decisive break of 1.3265 will resume larger rally 1.3364 projection level next. On the downside, however, break of 1.3145 support will turn bias to the downside, to extend the corrective pattern from […]
04/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8555; (P) 0.8565; (R1) 0.8577; More… Intraday bias in EUR/GBP stays neutral for the moment. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound towards […]
15/10/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6185; (P) 1.6232; (R1) 1.6264; More… Intraday bias in EUR/AUD remains mildly on the downside for the moment. Rebound from 1.6002 could have completed at 1.6351. Deeper fall would be seen back to retest 1.6002 low. On the upside, though, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 […]