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Daily Pivots: (S1) 1.6182; (P) 1.6302; (R1) 1.6370; More… EUR/AUD’s fall from 1.7180 resumed by breaking through 1.6256 support. Intraday bias stays on the downside for 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058, which is close to 1.5996 key support level. On the upside, above 1.6315 minor resistance will turn intraday bias […]

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EUR/USD Daily Outlook

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07/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3743; (P) 1.3799; (R1) 1.3842; More… USD/CAD’s break of 1.3786 support confirms short term topping at 1.3946, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 1.3726). Sustained break there would dampen the original bullish outlook and bring deeper fall. On […]
20/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8545; (P) 0.8570; (R1) 0.8584; More… While EUR/GBP recovers ahead of 0.8548, further decline is still expected with 0.8619 resistance intact. Firm break of 0.8548 will argue that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this view and turn bias back to the […]
27/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2692; (P) 1.2721; (R1) 1.2767; More… Intraday bias in GBP/USD stays neutral and further rise is in favor with 1.2670 support intact. Above 1.2760 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, below 1.2670 will turn bias to the downside for deeper pull back. In the bigger […]