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Daily Pivots: (S1) 1.3074; (P) 1.3094; (R1) 1.3124; More… Intraday bias in GBP/USD is turned neutral with loss of downside momentum as seen in 4H MACD. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above […]

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17/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2950; (P) 1.3018; (R1) 1.3060; More… Intraday bias in GBP/USD remains on the downside at this point. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% retracement at 1.2732. Nevertheless, strong bounce […]
24/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9385; (P) 0.9443; (R1) 0.0.9476; More…. A temporary top is formed at 0.9502 with current retreat and intraday bias in EUR/CHF is turned neutral first. On the upside, above 0.9502 will resume the rally from 0.9305, as the third leg of the pattern from 0.9209, to 0.9579 resistance. However, break of 0.9305 […]
25/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0784; (P) 1.0826; (R1) 1.0850; More… Intraday bias in EUR/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as 55 4H EMA (now at 1.0868) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break […]