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Daily Pivots: (S1) 1.3818; (P) 1.3861; (R1) 1.3925; More… A short term bottom should be in place at 1.3780, just ahead of 100% projection of 1.4791 to 1.4150 from 1.4414 at 1.3773, and on bullish convergence condition in 4H MACD. Intraday bias in USD/CAD is mildly on the upside for recovery. But upside should be […]

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GBP/USD Daily Outlook

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13/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2504; (P) 1.2523; (R1) 1.2543; More… GBP/USD is staying below 1.2633 resistance despite today’s rally. Intraday bias remains neutral for the moment. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of […]
26/10/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rise from 154.40 resumed last week but a temporary top was then formed at 165.00. Initial bias remains neutral this week for consolidations first. Further rally is expected as long as 161.83 support holds. Above 165.50 will target 61.8% retracement of 175.41 to 154.40 at 167.38. Sustained break there will pave the way to […]
08/02/2025

AUD/USD Weekly Report

AUD/USD spiked lower to 0.6087 last week but rebounded strongly since then. But with 0.6329 resistance intact, outlook will stay bearish. Initial bias remains neutral this week first. Below 0.6239 minor support will turn bias back to the downside for retesting 0.6087 low. However, firm break of 0.6329 will bring stronger rebound to 38.2% retracement […]