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Daily Pivots: (S1) 1.4230; (P) 1.4303; (R1) 1.4368; More… Intraday bias in USD/CAD remains mildly on the downside for the moment. Fall from 1.4541 is seen as the third leg of the corrective pattern from 1.4791. Deeper decline would be seen to 1.4150 low next. On the upside, though, above 1.4541 will resume the rebound […]

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14/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8679; (P) 0.8729; (R1) 0.8768; More…. USD/CHF’s break of 0.8722 minor support argues that recovery from 0.8665 has completed at 0.8819 already. Intraday bias is back on the downside. Firm break of 0.8665 will resume the whole fall from 0.9243 to 0.8551 key support level. On the upside, break of 0.8819 resistance […]
07/01/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2440; (P) 1.2495; (R1) 1.2576; More… Intraday bias in GBP/USD stays neutral for now, and more consolidations could be seen above 1.2352. But further decline remains in favor as long as 1.2606 resistance holds. Break of 1.2352 will resume the fall from 1.3433 to 1.2256/98 cluster support zone. Nevertheless, considering bullish convergence […]
28/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2946; (P) 1.2972; (R1) 1.2989; More… GBP/USD is staying in consolidation above 1.2906 and intraday bias remains neutral for the moment. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, […]