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Daily Pivots: (S1) 0.8721; (P) 0.8741; (R1) 0.8757; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rise from 0.8332 would target 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. On the downside, below 0.8687 minor support will turn intraday bias neutral first. But near term outlook will stay cautiously […]

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USD/CAD Mid-Day Outlook

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EUR/AUD Weekly Outlook

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21/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8532; (P) 0.8546; (R1) 0.8555; More… Range trading continues in EUR/GBP and intraday bias remains neutral. On the downside, decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. However, firm break of 0.8577 will turn bias back to the upside for stronger rebound. […]
24/08/2024

EUR/AUD Weekly Outlook

EUR/AUD gyrated lower last week despite weak downside momentum. On the downside, sustained trading below 55 D EMA (now at 1.6432) will argue that rise from 1.5996 has completed. Deeper fall would then be seen back to this support. Nevertheless, strong rebound from current levels, followed by break of 1.6580 resistance, will argue that pullback […]
21/01/2024

USD/CAD Weekly Outlook

USD/CAD rebounded further to 1.3540 last week, but retreated since then. Initial bias remains neutral this week for some consolidations first. Current development suggests that fall from 1.3897 has already completed. Further rally is expected as long as 1.3342 minor support holds. Above 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 […]