Sat, Jan 16, 2021 @ 18:16 GMT
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Technical Outlook

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2124; (P) 1.2173; (R1) 1.2207; More... Intraday bias in EUR/USD remains neutral and outlook is unchanged. With 1.2244 minor resistance intact, another fall could still be seen as consolidation from 1.2348 extends. But downside should be contained by 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3599; (P) 1.3649; (R1) 1.3687; More... GBP/USD is staying in consolidation from 1.3702 and intraday bias remains neutral first. On the upside, decisive break of 1.3702 will resume whole rise from 1.1409. Intraday bias will be turned back to the upside for 61.8% projection of 1.1409 to...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8854; (P) 0.8872; (R1) 0.8894; More.... Intraday bias in USD/CHF remains neutral for the moment. On the upside, decisive break of 0.8918 resistance will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned back to the upside for stronger...

USD/JPY Daily Outlook

Daily Pivots: (S1) 103.61; (P) 103.81; (R1) 104.08; More.. Intraday bias in USD/JPY is turned neutral as it recovered after touching 4 hour 55 EMA. On the upside, sustained break of the channel resistance will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7710; (P) 0.7746; (R1) 0.7769; More... Intraday bias in AUD/USD remains neutral and some more consolidation could be seen below 0.7819. On the upside, break of 0.7819 will resume larger up trend from 0.5506 to 61.8% projection of 0.7413 from 0.6991 at 0.8170. On the downside, break...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2674; (P) 1.2711; (R1) 1.2740; More.... Intraday bias in USD/CAD stays neutral at this point. On the downside, decisive break of 1.2629 support will resumption whole down trend form 1.4667. Next target is 61.8% projection of 1.4667 to 1.2994 from 1.3389 at 1.2355. On the upside, break...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0775; (P) 1.0800; (R1) 1.0816; More.... Break of 1.0787 support suggests resumption of fall from 1.0890. Intraday bias is back on the downside for 1.0737 support. Break there will extend the sideway pattern from 1.0915 with another falling leg, towards 1.0661 support. For now, deeper decline will...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 141.38; (P) 141.82; (R1) 142.10; More... Intraday bias in GBP/JPY remains on the upside for 142.71 resistance. Decisive break there will resume whole rally from 123.94 for 147.95 key resistance. On the downside, break of 140.31 support is needed to indicate short term topping. Otherwise, outlook will...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.10; (P) 126.42; (R1) 126.61; More.... EUR/JPY is staying in consolidation in range of 126.03/127.48 and intraday bias remains neutral first. Further rise is in favor as long as 126.03 support holds. On the upside, break of 127.48 will resume larger rise from 114.42 to 128.67...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8887; (P) 0.8912; (R1) 0.8940; More... EUR/GBP is still holding on above 0.8861 support despite current decline. Intraday bias remains neutral for the With 0.8861 support intact, choppy rise from 0.8670 is in favor to extend. On the upside, decisive break of 0.9291 will target 0.9449 high....

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5687; (P) 1.5717; (R1) 1.5749; More... Intraday bias in EUR/AUD stays on the downside as decline is accelerating downwards. Current down trend should target 161.8% projection of 1.6827 to 1.6144 from 1.6420 at 1.5315 next. On the upside, break of 1.5830 resistance is needed to indicate short...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.53; (P) 103.93; (R1) 104.14; More.. USD/JPY's rebound from 102.58 might have completed at 104.39, after rejection by falling channel resistance. Deeper fall would be seen to retest 102.58 low. Break will resume larger down trend from 111.17. On the upside, sustained break of the channel resistance...

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8844; (P) 0.8880; (R1) 0.8899; More.... Outlook in USD/CHF remains unchanged and intraday bias stays neutral first. On the upside, decisive break of 0.8918 resistance will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned back to the upside...

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3557; (P) 1.3614; (R1) 1.3722; More... Intraday bias in GBP/USD remains neutral with focus on 1.3702 resistance. Decisive break there will resume whole rise from 1.1409. Intraday bias will be turned back to the upside for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. For...

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2160; (P) 1.2185; (R1) 1.2233; More... Intraday bias in EUR/USD remains neutral first. With 1.2244 minor resistance intact, another fall could still be seen as consolidation from 1.2348 extends. But downside should be contained by 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063) to...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 141.01; (P) 141.52; (R1) 142.29; More... GBP/JPY's rally is still in progress and reaches as high as 142.23 so far today. Intraday bias remains on the upside for 1442.71 high. Decisive break there will resume whole rally from 123.94 for 147.95 key resistance. On the downside, break...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.50; (P) 126.69; (R1) 126.83; More.... Intraday bias in EUR/JPY remains neutral as consolidation from 127.48 is extending. Outlook will stay bullish as long as 126.03 support holds. Break of 127.48 will resume larger rise from 114.42. Next target is 128.67 medium term fibonacci level. However,...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8904; (P) 0.8950; (R1) 0.8979; More... EUR/GBP drops notably today abut stays in range of 0.8861/9229. Intraday bias remains neutral first. With 0.8861 support intact, choppy rise from 0.8670 is in favor to extend. On the upside, decisive break of 0.9291 will target 0.9449 high. On the...

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5667; (P) 1.5730; (R1) 1.5766; More... EUR/AUD's down trend resumed after brief consolidations. Intraday bias is back on the downside. Current down trend would target 161.8% projection of 1.6827 to 1.6122 from 1.6420 at 1.5279 next. On the upside, break of 1.5830 resistance will indicate short term...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0807; (P) 1.0819; (R1) 1.0832; More.... Intraday bias in EUR/CHF remains neutral as consolidation from 1.0890 continues. On the upside, break of 1.8920 resistance will target 1.0915. On the downside, below 1.0787 will target 1.0737 support first. Break there will extend the sideway pattern from 1.0915 with...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2685; (P) 1.2738; (R1) 1.2768; More.... Intraday bias in USD/CAD is turned neutral as it retreated after hitting 1.2834. On the upside, above 1.2834 will extend the corrective rise to 1.2957 resistance. Though, decisive break of 1.2629 will confirm resumption of whole down trend from 1.4667. In the...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7715; (P) 0.7746; (R1) 0.7806; More... AUD/USD rebounds ahead of 0.7641 support, but stays below 0.7819 resistance. Intraday bias remains neutral first. On the upside, break of 0.7819 will resume larger up trend from 0.5506 to 61.8% projection of 0.7413 from 0.6991 at 0.8170. On the downside,...

USD/JPY Daily Outlook

Daily Pivots: (S1) 103.53; (P) 103.93; (R1) 104.14; More.. USD/JPY was rejected by falling channel resistance and dropped sharply after hitting 104.39. With break of 103.59 minor support, intraday bias is turned back to the downside for retesting 102.58 low. Break will resume larger down trend from 111.17. On the...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8844; (P) 0.8880; (R1) 0.8899; More.... Intraday bias in USD/CHF remains neutral for the moment. On the upside, decisive break of 0.8918 resistance will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned back to the upside for stronger...

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2160; (P) 1.2185; (R1) 1.2233; More... Intraday bias in EUR/USD is turned neutral with currency recovery. Another fall could still be seen with 1.2244 minor resistance intact, as consolidation from 1.2348 extends. But downside should be contained by 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3557; (P) 1.3614; (R1) 1.3722; More... Focus is now on 1.3702 resistance in GBP/USD against with current rebound. Decisive break there will resume whole rise from 1.1409. Intraday bias will be turned back to the upside for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956....

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 140.44; (P) 140.75; (R1) 141.17; More... GBP/JPY's rise resumed after brief retreat, after drawing support from 4 hour 55 EMA. Intraday bias is back on the upside for 141.71 high. Decisive break there will resume whole rally from 123.94 for 147.95 key resistance. On the downside, break...

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2112; (P) 1.2171; (R1) 1.2210; More... Intraday bias in EUR/USD stays on the downside at this point. Correction from 1.2348 is in progress for 1.2058 cluster support (38.2% retracement of 1.1602 to 1.2348 at 1.2063). Strong support should be seen there to contain downside to bring rebound....

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8863; (P) 0.8891; (R1) 0.8932; More.... No change in USD/CHF's outlook and focus remains on 0.8918 resistance. Decisive break there will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned back to the upside for stronger rebound, back towards...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.89; (P) 104.15; (R1) 104.48; More.. USD/JPY's rise from 102.58 is still in progress with focus on channel resistance, (now at 104.37). Sustained break there will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67 resistance for confirmation. Nevertheless,...