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Daily Pivots: (S1) 1.4267; (P) 1.4298; (R1) 1.4336; More… Intraday bias in USD/CAD is turned neutral again as it recovered ahead of 1.4238 support. On the downside, break of 1.4238 support will argue that corrective pattern from 1.4791 has already started the third leg. Deeper decline should be seen to 1.4150 support next. On the […]

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18/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6283; (P) 1.6319; (R1) 1.6342; More… Intraday bias in EUR/AUD remains neutral as consolidations continue above 1.6161. Further fall is expected with 1.6598 resistance intact. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone. In the bigger picture, as long as 1.5996 support holds, up trend from […]
06/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2565; (P) 1.2608; (R1) 1.2640; More… GBP/USD’s breach of 1.2590 minor support suggests short term topping at 1.2731, on bearish divergence condition in 4H MACD. Intraday bias is mildly on the downside for deeper pull back to 55 D EMA (now at 1.2427). For now, risk will stay on the downside as […]
04/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2624; (R1) 1.2685; More… Intraday bias in GBP/USD stays neutral first, and risk remains on the downside with 1.2667 resistance intact. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. However, firm […]