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Daily Pivots: (S1) 1.2551; (P) 1.2577; (R1) 1.2624; More… GBP/USD’s break of 1.2628 minor resistance argues that correction from 1.2826 might have completed with three waves down to 1.2517. That came just ahead of 1.2499 structural support. Intraday bias is back on the upside for stronger rebound back towards 1.2826. On the downside, however, decisive […]

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23/03/2024

USD/CHF Weekly Outlook

USD/CHF’s rally resumed last week and surged to 0.9019. Initial bias stays on the upside for 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. On the downside, below 0.8922 minor support will turn intraday bias neutral and bring consolidations. But, outlook will remain bullish as long as 0.8728 support holds. In the […]
08/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2903; (P) 1.2956; (R1) 1.3040; More… Range trading continues in GBP/USD and intraday bias stays neutral. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H MACD, […]
04/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3536; (P) 1.3569; (R1) 1.3593; More… Intraday bias in USD/CAD remains neutral as consolidations continue below 1.3605 temporary top. Further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at 1.3721 next. In […]