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AUD/USD extended consolidations above 0.6439 last week and outlook is unchanged. Initial bias remains neutral this week first. Further decline is in favor as long as 55 D EMA (now at 0.6538) holds. Below 0.6439 will target 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403. Decisive break there will indicate bearish reversal […]

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08/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2599; (P) 1.2620; (R1) 1.2650; More… Intraday bias in GBP/USD remains mildly on the upside. Correction from 1.2826 might have completed with three waves down to 1.2517. Further rise would be seen to retest 1.2826 high. On the downside, however, decisive break of 1.2499 will argue that whole rise from 1.2036 has […]
22/01/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4236; (P) 1.4377; (R1) 1.4464; More… Intraday bias in USD/CAD remains neutral as range trading continues. Further rise is expected as long as 1.4260 support holds. Break of 1.4516 will resume larger up trend to 1.4667/89 key resistance zone. Nevertheless, firm break of 1.4260 will turn bias to the downside for deeper […]
02/05/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3244; (P) 1.3295; (R1) 1.3328; More… Intraday bias in GBP/USD stays neutral at this point. On the downside, firm break of 1.3232 support will indicate short term topping and rejection by 1.3433 key resistance. Intraday bias will be back on the downside for deeper pullback to 55 D EMA (now at 1.3012) […]