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Daily Pivots: (S1) 1.3902; (P) 1.3923; (R1) 1.3956; More… Intraday bias in USD/CAD remains on the upside and further rise would be seen to retest 1.3946/76 resistance zone. Decisive break there will confirm larger up trend resumption. On the downside, below 1.3875 minor support will turn intraday bias and bring consolidations first. In the bigger […]

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17/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8876; (P) 0.8921; (R1) 0.8946; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, […]
01/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3777; (P) 1.3818; (R1) 1.3849; More… Intraday bias in USD/CAD remains neutral for the moment. Further rally is expected as long as 1.3796 support holds. Rise from 1.3176 should be resuming and next target is 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025. On the downside, below 1.3796 minor support […]
05/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2650; (P) 1.2690; (R1) 1.2723; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the bigger picture, price […]