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Daily Pivots: (S1) 0.8755; (P) 0.8783; (R1) 0.8803; More… Intraday bias in USD/CHF stays neutral for the moment. Consolidation from 0.8757 could extend. But in case of another recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 […]

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18/05/2024

EUR/USD Weekly Outlook

EUR/USD’s rally from 1.0601 resumed last week and further to 1.0894 before retreating. Initial bias remains neutral this week for consolidations first. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has […]
26/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3281; (P) 1.3355; (R1) 1.3398; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.3429 temporary top. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3429 will extend larger rally to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. Nevertheless, break of 1.3265 […]
16/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6226; (P) 1.6284; (R1) 1.6320; More… Range trading continues in EUR/AUD and intraday bias stays neutral. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn […]