Thu, Dec 03, 2020 @ 13:10 GMT
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Technical Outlook

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2065; (P) 1.2092; (R1) 1.2143; More..... EUR/USD's rally is still in progress and intraday bias stays on the upside for 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. On the downside, break of 1.2040 minor support will turn intraday bias neutral and bring consolidation...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3289; (P) 1.3365; (R1) 1.3442; More... Intraday bias in GBP/USD remains neutral for the moment. On the upside, decisive break of 1.3482 will confirm resumption of whole rise from 1.1409. Next target will be 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8924; (P) 0.8969; (R1) 0.8994; More.... Intraday bias in USD/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9013 minor resistance will turn bias neutral and bring...

USD/JPY Daily Outlook

Daily Pivots: (S1) 104.18; (P) 104.47; (R1) 104.70; More... USD/JPY is staying in range trading above 103.65 and intraday bias remains neutral first. Larger decline from 111.71 is still in progress. Break of 103.65 should turn bias back to the downside for 103.17 low and below. This bearish case will...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7371; (P) 0.7396; (R1) 0.7439; More... AUD/USD's break of 0.7413 suggests resumption of rise from 0.5506. Intraday bias is back on the upside. Next target is 0.7635 long term fibonacci level. On the downside, below 0.7339 minor support will turn intraday bias neutral and bring consolidations first. In...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2902; (P) 1.2931; (R1) 1.2951; More.... USD/CAD's decline is still in progress and intraday bias stays on the downside. Next near target will be 61.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2887, and then 100% projection at 1.2711. On the upside, above 1.3025 minor resistance...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9006; (P) 0.9045; (R1) 0.9104; More... Intraday bias in EUR/GBP remains on the upside for 0.9297 resistance. Break there will resume the rebound from 0.8670 for 0.9499 high. On the downside, below 0.9004 resistance turned support will turn intraday bias neutral again first. In the bigger picture, at...

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6301; (P) 1.6361; (R1) 1.6401; More... Intraday bias in EUR/AUD remains mildly on the upside at this point. Consolidation pattern from 1.6033 should have started another rising leg. Further rise could be seen back to 1.6827 resistance. On the downside, break of 1.6122 will bring retest of...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0843; (R1) 1.0872; More.... Range trading continues in EUR/CHF and intraday bias remains neural. We're holding on to the view that consolidation pattern from 1.0915 has completed with three waves to 1.0661. On the upside, decisive break of 1.0877 should confirm this bullish case and...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 138.83; (P) 139.64; (R1) 140.38; More... Intraday bias in GBP/JPY is turned neutral as it retreated quickly after breaching 140.31. On the upside, firm break of 140.31 will resume whole rebound from 133.03 and target a test on 142.71 high. On the downside, however, break of 138.23...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.02; (P) 126.29; (R1) 126.79; More.... Intraday bias in EUR/JPY remain son the upside for 127.07 resistance. Decisive break there will resume whole rally from 114.42. Next target will be 128.67 medium term fibonacci level On the upside, break of 125.13 resistance turned support is needed...

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1972; (P) 1.2024; (R1) 1.2122; More..... Intraday bias in EUR/USD remains on the upside. Current rise from 1.0635 should target 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452 next. On the downside, break of 1.1923 support is needed to indicate short term topping. Otherwise, outlook...

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3346; (P) 1.3394; (R1) 1.3471; More... Intraday bias in GBP/USD stays neutral at this point. On the upside, decisive break of 1.3482 will confirm resumption of whole rise from 1.1409. Next target will be 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the...

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8966; (P) 0.9028; (R1) 0.9062; More.... USD/CHF"s break of 0.8982 confirms down trend resumption. Intraday bias remains on the downside for 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9019 minor resistance will turn bias neutral and bring recovery...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 104.14; (P) 104.36; (R1) 104.54; More... Intraday bias in USD/JPY remains neutral for the moment. Larger decline from 111.71 is still in progress. Break of 103.65 should turn bias back to the downside for 103.17 low and below. This bearish case will remain favored as long as...

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8943; (P) 0.8976; (R1) 0.9022; More... EUR/GBP's strong break of 0.9004 resistance suggests that pull back from 0.9291 has completed at 0.8861. Choppy rebound from 0.8670 is possibly resuming. Intraday bias is back on the upside for 0.9291 resistance first. Break will target 0.9499 high. On the...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 139.25; (P) 139.77; (R1) 140.58; More... Intraday bias in GBP/JPY is back on the upside at this point. Break of 140.31 will resume whole rebound from 133.03 and target a test on 142.71 high. On the downside, however, break of 138.23 will argue that the pattern from...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 124.90; (P) 125.43; (R1) 126.43; More.... EUR/JPY's rebound from 121.63 resumed by taking out 125.13 resistance firmly. The development also revive the case that correction from 127.07 has completed. Intraday bias stays on the upside for retesting 127.07. Break there will resume whole rise from 114.42...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8943; (P) 0.8976; (R1) 0.9022; More... Intraday bias in EUR/GBP remains neutral at this point as it's still bounded in range of 0.8866/9004.On the upside, break of 0.9004 resistance will suggest that pull back from 0.9291 has completed. Also, with 0.8866 support intact, rise from 0.8276 isn't...

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6263; (P) 1.6325; (R1) 1.6433; More... EUR/AUD's break of 1.6343 resistance suggest short term bottoming at 1.6122. Intraday bias is turned back to the upside for 1.6827 resistance, to extend the consolidation pattern from 1.6033 with another rising leg. On the downside, break of 1.6122 will bring...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0839; (P) 1.0853; (R1) 1.0875; More.... Intraday bias in EUR/CHF remains neutral for the moment and further rally is expected with 1.0790 support intact. We're holding on to the view that consolidation pattern from 1.0915 has completed with three waves to 1.0661. On the upside, decisive break...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2910; (P) 1.2959; (R1) 1.2991; More.... Intraday bias in USD/CAD remains on the downside at this point. Decisive break of 1.2928 support will confirm resumption of whole down trend from 1.4667. Next near term target will be 61.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2887,...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7352; (P) 0.7362; (R1) 0.7383; More... Intraday bias in AUD/USD remains neutral first, with focus on 0.7413 resistance. Decisive break there will resume whole rebound from 0.5506 and target 0.7635 long term fibonacci level. On the downside, however, break of 0.7265 support will extend the consolidation from...

USD/JPY Daily Outlook

Daily Pivots: (S1) 104.14; (P) 104.36; (R1) 104.54; More... Outlook in USD/JPY remains unchanged and intraday bias stays neutral first. Larger decline from 111.71 is still in progress. Break of 103.65 should turn bias back to the downside for 103.17 low and below. This bearish case will remain favored as...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8966; (P) 0.9028; (R1) 0.9062; More.... Focus is now immediately on 0.8982 support in USD/CHF. Decisive break there will confirm down trend resumption and target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. On the upside, break of 0.9093 resistance, however, will turn bias to...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3346; (P) 1.3394; (R1) 1.3471; More... Focus remains on 1.3482 resistance in GBP/USD. Decisive break there will confirm resumption of whole rise from 1.1409. Next target will be 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the downside, break of 1.3283 support will...

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1972; (P) 1.2024; (R1) 1.2122; More..... EUR/USD surges to as high as 1.2083 so far today. The break of 1.2011 high confirms resumption of whole rally from 1.0635 low. Intraday bias is back on the upside for 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 138.49; (P) 138.98; (R1) 139.53; More... Range trading continues in GBP/JPY and intraday bias remains neutral first. On the upside, break of 140.31 will resume whole rebound from 133.03 and target a test on 142.71 high. On the downside, however, break of 137.19 will argue that the...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 124.13; (P) 124.62; (R1) 124.94; More.... Intraday bias in EUR/JPY stays mildly on the upside at this point. Firm break of 125.13 resistance will revive the case that correction from 127.07 has completed. Further rally would be seen back to retest this high. On the downside,...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8930; (P) 0.8966; (R1) 0.8985; More... EUR/GBP is staying in range of 0.8866/9004 and intraday bias remains neutral. On the upside, break of 0.9004 resistance will suggest that pull back from 0.9291 has completed. Also, with 0.8866 support intact, rise from 0.8276 isn't over. Intraday bias will...