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Daily Pivots: (S1) 0.6246; (P) 0.6264; (R1) 0.6297; More… Intraday bias in AUD/USD is turned neutral again with current strong recovery. ON the downside, break of 0.6218 will target 0.6186 support first. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. However, break […]

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EUR/USD Mid-Day Outlook

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03/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 resistance and intraday bias is back on the upside. Strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% […]
07/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0867; (P) 1.0884; (R1) 1.0907; More… EUR/USD dips notably in early US session but stays above 1.0788 support. Intraday bias remains neutral first. Considering bearish divergence condition in 4H MACD, firm break of 1.0788 will argue that rebound from 1.0601 has completed and turn bias to the downside for this low. Nevertheless, […]
09/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8542; (P) 0.8583; (R1) 0.8607; More…. EUR/GBP’s break of 0.8561 support argues that a short term top was formed at 0.8624 already. Intraday bias is back on the downside for deeper pullback to 55 4H EMA (now at 0.8531). On the upside, though, break of 0.8624 will resume the rally from 0.8382 […]