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Daily Pivots: (S1) 0.8790; (P) 0.8821; (R1) 0.8849; More… USD/CHF is still bounded in consolidation from 0.8757 and intraday bias remains neutral for the moment. Upside of recovery should be limited by 0.8911 support turned resistance to bring another fall. On the downside, below 0.8757 will resume the fall from 0.9200 and target 61.8% retracement […]

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USD/JPY Mid-Day Outlook

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05/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Range trading continues in GBP/USD and intraday bias remains neutral for the moment. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in […]
05/12/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4056; (P) 1.4070; (R1) 1.4087; More… Range trading continues in USD/CAD and intraday bias remains neutral for the moment. Further rally is expected with 1.3930 support intact. On the upside, firm break of 1.4177 will resume larger up trend towards 1.4391 projection level. However, break of 1.3926 will turn bias to the […]
28/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.68; (P) 152.03; (R1) 152.62; More… Intraday bias in USD/JPY stays on the upside with 151.44 minor support intact. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.44 minor support will turn intraday bias neutral again first. […]