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Daily Pivots: (S1) 149.49; (P) 150.24; (R1) 151.38; More… Break of 150.92 support turned resistance suggests short term bottoming at 148.55, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound to near term falling channel resistance (now at 152.61). On the downside, break of 148.55 will resume […]

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EUR/USD Mid-Day Outlook

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EUR/USD Daily Outlook

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05/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3495; (P) 1.3527; (R1) 1.3576; More… Intraday bias in USD/CAD remains neutral for the moment as range trading continues. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. […]
19/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.90; (P) 192.34; (R1) 192.77; More.. GBP/JPY is still bounded in established range despite today’s volatility. Intraday bias remains neutral. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 support will indicate that it’s at least correcting the rise from […]
12/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2753; (R1) 1.2779; More… Range trading continues in GBP/USD and intraday bias stays neutral. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. However, break of […]