Fri, Jan 22, 2021 @ 22:19 GMT
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Technical Outlook

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2125; (P) 1.2149; (R1) 1.2194; More... EUR/USD's rebound from 1.2052 is still in progress and intraday bias stays on the upside. Stronger rise could be seen to retest 1.2348 high. However, decisive break of 1.2052 will resume the correction from 1.2348. Intraday bias will be turned to...

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8833; (P) 0.8866; (R1) 0.8885; More.... Intraday bias in USD/CHF stays neutral for the moment. On the upside, decisive break of 0.8925 resistance should confirm short term bottoming at 0.8756. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.32; (P) 103.50; (R1) 103.66; More.. With 4 hour MACD crossed above signal line, intraday bias is turned neutral first. Overall, USD/JPY is still staying in the falling channel that started from 111.71. Further decline could still be seen. Below 103.31 will bring retest of 102.58 first....

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3676; (P) 1.3711; (R1) 1.3771; More... Intraday bias in GBP/USD is turned neutral with today's retreat. Though, further rally is expected as long as 1.3518 support intact. Break of 1.3745 will extend the up trend from 1.1409, to 61.8% projection of 1.1409 to 1.3482 from 1.2675 at...

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2125; (P) 1.2149; (R1) 1.2194; More... Intraday bias in EUR/USD remains on the upside at this point. Rebound form 1.2052 short term bottom should target a test on 1.2348 high. However, decisive break of 1.2052 will resume the correction from 1.2348. Intraday bias will be turned to...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3676; (P) 1.3711; (R1) 1.3771; More... Outlook in GBP/USD remains bullish as long as 1.3518 support intact. Current up trend from 1.1409 should target 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. On the downside, however, firm break of 1.3518 will confirm short term topping,...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8833; (P) 0.8866; (R1) 0.8885; More.... Intraday bias in USD/CHF remains neutral at this point. On the upside, decisive break of 0.8925 resistance should confirm short term bottoming at 0.8756. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at...

USD/JPY Daily Outlook

Daily Pivots: (S1) 103.32; (P) 103.50; (R1) 103.66; More.. Deeper fall remains mildly in favor in USD/JPY for retesting 120.58 support. Decisive break there will resume the down trend from 111.71 to 101.18 low. On the upside, break of 104.39 and sustained trading above the channel resistance will argue that...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7744; (P) 0.7763; (R1) 0.7784; More... AUD/USD's consolidation from 0.7819 is still in progress and intraday bias remains neutral first. Further rise is expected with 0.7641 support intact. On the upside, break of 0.7819 will resume larger up trend from 0.5506 to 61.8% projection of 0.5506 to...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2602; (P) 1.2625; (R1) 1.2659; More.... USD/CAD recovered again after hitting 1.2588 and intraday bias is turned neutral, with 4 hour MACD back above signal line too. Some consolidations could be seen but outlook stays bearish with 1.2798 resistance intact. Break of 1.2588 will resume larger down...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8836; (P) 0.8854; (R1) 0.8877; More... EUR/GBP recovered after failing to sustain above 0.8861 support and intraday bias is turned neutral first. Another fall is in favor as long as 0.8923 resistance holds. Sustained trading below 0.8861 support will confirm that corrective rebound form 0.8670 has completed....

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5618; (P) 1.5652; (R1) 1.5705; More... EUR/AUD recovered just ahead of 1.5591 support and intraday bias stays neutral for more consolidations. Upside of recovery should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827 to 1.6144 from 1.6420...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0756; (P) 1.0772; (R1) 1.0786; More.... Intraday bias in EUR/CHF remains neutral as range trading continues. On the upside, break of 1.0787 support turned resistance will argue that corrective pull back from 1.0890 has completed. Intraday bias will be turned back to the upside for retesting 1.0890....

GBP/JPY Daily Outlook

Daily Pivots: (S1) 141.59; (P) 141.91; (R1) 142.46; More... GPB/JPY is still bounded in consolidation from 142.23 which could extend. Intraday bias stays neutral first. With 140.31 intact, further rise is in favor. Firm break of 142.23/71 resistance zone will resume whole rise from 123.94 to 147.95 key resistance next....

EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.52; (P) 125.75; (R1) 126.16; More.... EUR/JPY rebounds notably but stays below 126.19 minor resistance. Intraday bias remains neutral first. On the upside, break of 126.19 will reaffirm the case that correction from 127.48 has completed at 125.07. Intraday bias will be turned back to the...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.35; (P) 103.65; (R1) 103.84; More.. Intraday bias in USD/JPY remains mildly on the downside for retesting 120.58. Decisive break there will resume the down trend from 111.71 to 101.18 low. On the upside, break of 104.39 and sustained trading above the channel resistance will argue that...

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8869; (P) 0.8895; (R1) 0.8923; More.... Outlook is USD/CHF remains unchanged and intraday bias stays neutral. On the upside, decisive break of 0.8919 resistance should confirm short term bottoming at 0.8756, on bullish convergence condition in 4 hour MACD. Considering bullish convergence condition in daily MACD too,...

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3615; (P) 1.3667; (R1) 1.3709; More... GBP/USD should finally be resuming recent rally from 1.1409, with a committed break of 1.3702 resistance. Intraday bias stays on the upside for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. In any case, break of 1.3518 support is...

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2069; (P) 1.2114; (R1) 1.2150; More... EUR/USD's rise and break of 1.2157 minor resistance reaffirms the case that pull back from 1.2348 has completed at 1.2052. Intraday bias is back on the upside for retesting 1.2348 high. However, decisive break of 1.2052 will resume the correction from...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 140.90; (P) 141.61; (R1) 142.15; More... Intraday bias in GBP/JPY remains neutral first at it failed to break through 142.23 resistance decisively. But in any case, with 140.31 intact, further rise is in favor. Firm break of 142.23/71 resistance zone will resume whole rise from 123.94 to...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.02; (P) 125.60; (R1) 125.94; More.... EUR/JPY retreated deeply after hitting 4 hour 55 EMA. Intraday bias is turned neutral first. On the upside, above 125.19 will bring retest of 127.48 high. However, break of 125.07 will resume the correction from 127.48. Intraday bias will be...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8833; (P) 0.8868; (R1) 0.8899; More... Intraday bias in EUR/GBP remains on the downside at this point. Sustained trading below 0.8861 support will confirm that corrective rebound form 0.8670 has completed. Fall from 0.9929 is seen as the third leg of the pattern from 0.9499. Deeper decline...

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5565; (P) 1.5666; (R1) 1.5729; More... Intraday bias in EUR/AUD remains neutral at this point, and outlook is unchanged. Consolidation from 1.5591 might extend, but upside of recovery should be limited by 1.5830 resistance to bring another decline. Break of 1.5591 will target 161.8% projection of 1.6827...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0760; (P) 1.0777; (R1) 1.0786; More.... EUR/CHF is staying in range of 1.0737.0787 and intraday bias remains neutral. On the upside, break of 1.0787 support turned resistance will argue that corrective pull back from 1.0890 has completed. Intraday bias will be turned back to the upside for...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2579; (P) 1.2660; (R1) 1.2715; More.... Intraday bias in USD/CAD remains on the downside as down trend from 1.4667 is resuming. Next target is 61.8% projection of 1.4667 to 1.2994 from 1.3389 at 1.2355. Near term outlook will remain bearish as long as 1.2798 resistance holds, even...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7705; (P) 0.7733; (R1) 0.7774; More... AUD/USD is still bounded in consolidation from 0.7819 and intraday bias remains neutral. Further rise is expected with 0.7641 support intact. On the upside, break of 0.7819 will resume larger up trend from 0.5506 to 61.8% projection of 0.5506 to 0.7413...

USD/JPY Daily Outlook

Daily Pivots: (S1) 103.35; (P) 103.65; (R1) 103.84; More.. USD/JPY's break of 103.51 support revives that case that rebound from 102.58 has completed at 104.39 after rejection by falling channel resistance. Intraday bias is back on the downside for retesting 102.58 low first. On the upside, break of 104.39 and...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8869; (P) 0.8895; (R1) 0.8923; More.... Intraday bias in USD/CHF remains neutral for the moment and outlook is unchanged. On the upside, decisive break of 0.8919 resistance should confirm short term bottoming at 0.8756, on bullish convergence condition in 4 hour MACD. Considering bullish convergence condition in...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3615; (P) 1.3667; (R1) 1.3709; More... Firstly, further rise is expected in GBP/USD as long as 1.3518 support holds. Secondly, focus stays on 1.3702 resistance. Decisive break there will confirm rally resumption for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. However, break of 1.3518...

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2069; (P) 1.2114; (R1) 1.2150; More... Intraday bias EUR/USD is turned neutral at it retreat sharply after failing 4 hour 55 EMA. Another rise still mildly in favor. Break of 1.2157 will turn bias to the upside for retesting 1.2348 high. However, decisive break of 1.2052 will...