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Daily Pivots: (S1) 1.2590; (P) 1.2613; (R1) 1.2648; More… Intraday bias in GBP/USD stays neutral, and focus remains on 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Rejection by this level will keep near term outlook bearish. Break of 1.2331 support will suggest that the rebound from 1.2099 has completed as a correction, and bring […]

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29/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9561; (P) 0.9581; (R1) 0.9612; More…. Intraday bias in EUR/CHF remains neutral for consolidations above 0.9159. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should have completed as a corrective move at 0.9772. Below 0.9519 will bring retest of 0.9476. Firm break there will resume […]
25/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6566; (P) 0.6593; (R1) 0.6608; More… AUD/USD’s fall from 0.6798 accelerates lower today and there is no sign of bottoming. Intraday bias stays on the downside for 61.8% retracement of 0.6361 to 0.6798 at 0.6528. Sustained break there will pave the way back to 1.6361 support next. On the upside, above 0.6609 […]
05/02/2025

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9373; (P) 0.9397; (R1) 0.9419; More…. Intraday bias in EUR/CHF stays neutral for consolidations above 0.9359 temporary low. Risk will stay on the downside as long as 0.9516 resistance holds. Corrective rebound from 0.9204 might have completed at 0.9517 already. Firm break of 0.9336 support will solidify this bearish case and target […]