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Daily Pivots: (S1) 0.6479; (P) 0.6505; (R1) 0.6523; More… Intraday bias in AUD/USD is turned neutral with a temporary low formed at 0.6486. Outlook is unchanged that recovery from 0.6442 has completed at 0.6594. Risk will stay on the downside as long as this resistance holds. Below 0.6486 will bring retest of 0.6442 support first. […]

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31/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3650; (P) 1.3692; (R1) 1.3725; More… Range trading continues in USD/CAD and intraday bias stays neutral at this point. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, […]
29/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9091; (P) 0.9120; (R1) 0.9153; More…. Range trading continues in USD/CHF below 0.9157 and intraday bias stays neutral. Further rally is in favor with 0.9077 minor support intact. On the upside, above 0.9157 will bring retest of 0.9223. However, on the downside, break of 0.9077 will suggest that rebound from 0.8987 has […]
21/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0767; (P) 1.0803; (R1) 1.0844; More… Intraday bias in EUR/USD remains mildly on the upside as rebound from 1.0694 short term bottom is in progress. Sustained trading above above 55 D EMA (now at 1.0832) will argue that fall from 1.1138 has completed and target this resistance. Meanwhile, rejection by 55 D […]