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Daily Pivots: (S1) 1.0830; (P) 1.0848; (R1) 1.0863; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0832) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to 1.1138. However, […]

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02/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6496; (P) 0.6526; (R1) 0.6572; More… Intraday bias in AUD/USD remains neutral as consolidations continue above 0.6479 temporary low. Outlook will stay bearish as long as 0.6609 minor resistance holds, and further decline is expected. On the downside, break of 0.6479 will resume the fall from 0.6798 to 0.6361 support first. Firm […]
04/05/2024

EUR/USD Weekly Outlook

EUR/USD’s rise from 1.0601 resumed last week and the strong break of 55 D EMA argues that fall from 1.1138 might have completed. Initial bias stays on the upside this week. Firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to 161.8% projection at 1.0892. For now, […]
03/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3480; (P) 1.3495; (R1) 1.3517; More… Intraday bias in USD/CAD remains neutral first. On the upside, above 1.3538 will resume the rebound from 1.3418 to 1.3646 resistance. ON the downside, firm break of 1.3418 will resume whole decline from 1.3946 towards 1.3176 key support. In the bigger picture, corrective pattern from 1.3976 […]