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Daily Pivots: (S1) 1.2462; (P) 1.2506; (R1) 1.2548; More… GBP/USD dips notably today but stays above 1.2248 support and intraday bias remains neutral. While corrective rebound from 1.2099 could still extend, upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break of 1.2248 support will bring retest of […]

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14/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9765; (P) 0.9784; (R1) 0.9819; More… Intraday bias in EUR/CHF remains neutral at this point. On the upside, decisive break of 0.9835/47 resistance will resume larger rally from 0.9252. On the downside, however, break of 0.9728 will extend the corrective pattern from 0.9847 with another fall, back to 0.9563 support. In the […]
21/07/2024

USD/CAD Weekly Outlook

USD/CAD’s strong rally last week suggests that consolidative pattern from 1.3845 has completed with three waves to 1.3588, after being supported by 38.2% retracement of 1.3716 to 1.3845 at 1.3589 Initial bias stays on the upside this week for 1.3790 resistance first. Firm break there will likely resume whole rally from 1.3176 to 61.8% projection […]
21/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9490; (P) 0.9531; (R1) 0.9582; More…. Intraday bias in EUR/CHF remains neutral for consolidation above 0.9476. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 0.9683 resistance holds, and fall from 0.9928 is expected to resume later. Below 0.9476 will target 61.8% retracement of 0.9252 to 0.9928 […]