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Daily Pivots: (S1) 0.8120; (P) 0.8350; (R1) 0.8467; More… Intraday bias in USD/CHF remains on the downside as current selloff accelerates again. Break of 161.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8144 will target 200% projection at 0.7976 next. On the upside, above 0.8358 support turned resistance will turn intraday bias neutral and […]

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GBP/JPY Daily Outlook

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20/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2660; (P) 1.2686; (R1) 1.2727; More… No change in GBP/USD’s outlook and intraday bias stays on the upside. Firm break of 1.2708 resistance will extend the rise from 1.2298 to 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support will turn intraday bias neutral […]
06/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3492; (P) 1.3509; (R1) 1.3519; More… USD/CAD is still bounded in consolidation above 1.3439 and intraday bias remains neutral. With 1.3618 resistance intact, further decline is expected. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 support […]
03/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3256; (P) 1.3295; (R1) 1.3361; More… Intraday bias in USD/CAD remains mildly on the upside for the moment. Rebound from 1.3176 short term bottom should extend to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. On the downside, break of 1.3176 is needed to confirm resumption of the fall from 1.3897. Otherwise, […]