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Daily Pivots: (S1) 0.6292; (P) 0.6312; (R1) 0.6345; More… Intraday bias in AUD/USD remains neutral first as range trading continues. On the downside, break of 0.6186 will target 0.6087 support first. Firm break there will resume whole decline from 0.6941. On the upside, sustained break of 0.6407 will resume the rebound from 0.6087 to 100% […]

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20/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8604; (P) 0.8641; (R1) 0.8666; More….. USD/CHF’s break of 0.8616 support should indicate that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias is back on the downside for retesting 0.8431 low. For now, risk will stay on the downside as […]
04/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.10; (P) 197.24; (R1) 198.69; More… Intraday bias in GBP/JPY remains neutral for consolidations below 199.79. Further rally is expected as long as 55 D EMA (now at 194.26) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will argue that […]
11/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3695; (P) 1.3735; (R1) 1.3782; More… Intraday bias in USD/CAD remains on the upside as rise from 1.3418 is in progress. Sustained trading above 61.8% retracement of 1.3946 to 1.3418 at 1.3559 will target 1.3946 high again. On the downside, below 1.3702 minor support will turn intraday bias neutral first. In the […]