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Daily Pivots: (S1) 1.2909; (P) 1.2938; (R1) 1.2974; More… Intraday bias in GBP/USD remains neutral for the moment. Corrective fall from 1.3013 short term top could still continues. Below 1.2886 will target near term channel support (now at 1.2782) and possibly below. But downside should be contained by 38.2% retracement of 1.2248 to 1.3013 at […]

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21/09/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3646 last week but failed to sustain above 38.2% retracement of 1.3946 to 1.3439 at 1.3633. Yet, subsequent retreat was contained at 1.3532. Initial bias remains neutral this week first. On the downside, break of 1.3532 will argue that corrective recovery from 1.3439 has already completed, and bring retest of this […]
15/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2930; (P) 1.2960; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the upside despite current retreat. Rise fro 1.2298 is in progress for 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will turn […]
24/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9328; (P) 0.9351; (R1) 0.9366; More…. Intraday bias in EUR/CHF remains neutral first, with immediate focus on 0.9332 support. Firm break there will resume the fall from 0.9579 towards 0.9209, and argue that larger down trend might be ready to resume too. On the upside, though, break of 0.9506 will turn intraday […]