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Daily Pivots: (S1) 1.1008; (P) 1.1030; (R1) 1.1052; More…. Intraday bias in EUR/USD remains neutral, with focus on 1.1001 cluster support (38.2% retracement of 1.0665 to 1.1213 at 1.1004). Strong rebound from this level will retain near term bullishness. Above 1.1082 minor resistance will turn bias to the upside for 1.1213 and then 1.1274 high. […]

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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 […]
06/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3150; (P) 1.3168; (R1) 1.3199; More… Intraday bias in GBP/USD remains neutral as it’s still bounded in consolidations below 1.3265. While another retreat cannot be ruled out, downside should be contained above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection […]
17/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9013; (P) 0.9038; (R1) 0.9088; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. However, break of 0.9101 will turn […]