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Daily Pivots: (S1) 1.2879; (P) 1.2912; (R1) 1.2953; More… Intraday bias in GBP/USD remains neutral for the moment. Some consolidations could be seen first, but downside should be contained by 1.2715 resistance turned support to bring another rally. On the upside, sustained break of 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will pave the […]

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USD/CAD Daily Outlook

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31/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8602; (P) 0.8622; (R1) 0.8639; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, firm break […]
17/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.83; (P) 168.37; (R1) 169.41; More… Intraday bias in EUR/JPY remains neutral at this point. On the upside, break of 169.38 will resume the rebound from 162.26. As the second leg of the corrective pattern from 171.58, this rise should target 171.58 next. On the downside, break of 166.73 support will argue […]
19/02/2024

AUD/USD Weekly Report

AUD/USD edged lower to 0.6642 last week but recovered since then. Initial bias stays neutral this week first. More consolidation would be seen and stronger recovery cannot be ruled out. But outlook will remain bearish as long as 0.6621 resistance holds. Break of 0.6642 will resume the decline from 0.6870 towards 0.6269 low. In the […]