Sat, Jan 16, 2021 @ 17:52 GMT
Home Technical Outlook

Technical Outlook

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3452; (P) 1.3513; (R1) 1.3574; More... GBP/USD rebounds notably today but stays below 1.3702 resistance. Intraday bias remains neutral first and another rise is in favor. On the upside, break of 1.3702 will resume whole rise from 1.1409 to 61.8% projection of 1.1409 to 1.3482 from 1.2675...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 140.44; (P) 140.75; (R1) 141.17; More... Intraday bias in GBP/JPY remains neutral for the moment. Another rise is in favor as long as 139.48 support holds. Above 141.34 will target a test on 141.71 high. On the downside, though, break of 139.48 support will be the first...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.44; (P) 126.77; (R1) 126.98; More.... EUR/JPY is staying in consolidation from 127.48 and intraday bias remains neutral first. 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....

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8975; (P) 0.9006; (R1) 0.9023; More... No change in EUR/GBP's outlook as sideway trading is still in progress. 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 downside, however, break...

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5739; (P) 1.5786; (R1) 1.5834; More... Intraday bias in EUR/AUD remains neutral for the moment. Further fall will remain in favor with 1.5863 minor resistance intact. Break of 1.5723 will resume larger down trend to 161.8% projection of 1.6827 to 1.6122 from 1.6420 at 1.5279 next. On...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0808; (P) 1.0824; (R1) 1.0835; More.... Range trading continues in EUR/CHF and intraday bias remains neutral at this point. 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...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2707; (P) 1.2771; (R1) 1.2849; More.... Intraday bias in USD/CAD remains mildly on the upside at this point. Rebound from 1.2629 short term bottom would target 1.2957 resistance and above. On the downside, break of 1.2629 low is now needed to confirm downside resumption. Otherwise, more consolidative...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7653; (P) 0.7709; (R1) 0.7751; More... Intraday bias in AUD/USD remains neutral for the moment. On the downside, break of 0.7641 support will indicate short term topping, on bearish divergence condition in 4 hour MACD. Intraday bias will be turned back to the downside for deeper correction...

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2112; (P) 1.2171; (R1) 1.2210; More... Outlook in EUR/USD is unchanged. Intraday bias stays on the downside. 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....

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3452; (P) 1.3513; (R1) 1.3574; More... Intraday bias in GBP/USD remains neutral at this point. On the downside, break of 1.3428 will indicate short term topping, and turn bias to the downside for deeper pull back, to 1.3134 support next. On the upside, break of 1.3702 will...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8863; (P) 0.8891; (R1) 0.8932; More.... Focus remains on 0.8918 resistance in USD/CHF. 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 0.8998 support turned resistance....

USD/JPY Daily Outlook

Daily Pivots: (S1) 103.89; (P) 104.15; (R1) 104.48; More.. Intraday bias in USD/JPY remains on the upside with focus on channel resistance, (now at 104.38). 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,...

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.2654; (P) 1.2699; (R1) 1.2738; More.... USD/CAD's break of 1.2797 resistance suggests short term bottoming at 1.2629. Intraday bias is back on the upside. Stronger rebound would be seen to 1.2957 resistance and above. On the downside, break of 1.2629 low is now needed to confirm downside...

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2182; (P) 1.2233; (R1) 1.2273; More... EUR/USD's correction from 1.2348 short term top is still in progress. Intraday bias remains on the downside 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....

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3521; (P) 1.3579; (R1) 1.3618; More... GBP/USD is still staying above 1.3428 support and intraday bias remains neutral first. On the downside, break of 1.3428 will indicate short term topping, and turn bias to the downside for deeper pull back, to 1.3134 support next. On the upside,...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 103.69; (P) 103.89; (R1) 104.17; More.. Intraday bias in USD/JPY remains on the upside at this point. Rebound from 102.58 short term bottoming is targeting channel resistance, (now at 104.42). Sustained break there will argue that the down trend from 111.71 has finally completed. Stronger rise would...

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8823; (P) 0.8854; (R1) 0.8884; More.... USD/CHF rebounds further today and focus is now immediately on 0.8918 resistance. Decisive break there will confirm short term bottoming at 0.8756. Intraday bias will be turned back to the upside for 0.8898/9294 resistance zone. On the downside, though, below 0.9921...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 140.69; (P) 141.03; (R1) 141.32; More... Intraday bias in GBP/JPY is turned neutral with today's retreat. Another rise is in favor as long as 139.48 support holds. Above 141.34 will target a test on 141.71 high. On the downside, though, break of 139.48 support will be the...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.77; (P) 127.12; (R1) 127.41; More.... Intraday bias in EUR/JPY remains neutral for consolidation below 127.48 temporary top. 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) 0.8988; (P) 0.9018; (R1) 0.9043; More... EUR/GBP is still staying in sideway trading and 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 downside, however,...

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5705; (P) 1.5759; (R1) 1.5794; More... Intraday bias in EUR/AUD is turned neutral with today's recovery. On the upside, break of 1.5863 will indicate short term bottoming at 1.5723, just ahead of 100% projection of 1.6827 to 1.6122 from 1.6420 at 1.5715. Intraday bias will be turned...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0804; (P) 1.0834; (R1) 1.0850; More.... Intraday bias in EUR/CHF remains neutral at this point and some more sideway consolidation could be seen. 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...

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2182; (P) 1.2233; (R1) 1.2273; More... Intraday bias in EUR/USD remains on the downside at this point. Corrective fall from 1.2348 short term top 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...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3521; (P) 1.3579; (R1) 1.3618; More... GBP/USD's pull back from 1.3702 extends today but stays above 1.3428 support. Intraday bias remains neutral first. Further rise is expected as long as 1.3428 support holds. Break of 1.3702 will resume whole rise from 1.1409 to 61.8% projection of 1.1409...

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8823; (P) 0.8854; (R1) 0.8884; More.... USD/CHF is still staying below 0.8918 resistance for now and intraday bias remains neutral. On the upside, firm break of 0.8918 will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned back to...

USD/JPY Daily Outlook

Daily Pivots: (S1) 103.69; (P) 103.89; (R1) 104.17; More.. USD/JPY's rebound from 102.58 is still in progress and intraday bias stays on the upside. Sustained break of channel resistance (now at 104.42) will argue that the down trend from 111.71 has finally completed. Stronger rise would be seen to 105.67...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2654; (P) 1.2699; (R1) 1.2738; More.... Intraday bias in USD/CAD remains neutral at this point. Outlook will stays bearish as long as 1.2797 resistance holds. On the downside, break of 1.2629 will resume the larger down trend from 1.4667 to 100% projection of 1.3172 to 1.2688 from...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7730; (P) 0.7764; (R1) 0.7800; More... AUD/USD dips further today but stays above 0.7641 support. Intraday bias remains neutral first and another rise remains mildly in favor. On the upside, break of 0.7819 will resume larger up trend form 0.5506 to 0.7413 from 0.6991 at 0.8170. However,...

EUR/USD Weekly Outlook

EUR/USD rose further to 1.2348 last week as up trend continued. But the break of 1.2214 support argues that a short term top was formed, on bearish divergence condition in 4 hour MACD. Initial bias is mildly on the downside this week for pull back. But downside should be...

USD/JPY Weekly Outlook

USD/JPY staged a strong rebound after dipping to 102.58 last week. Break of 103.89 resistance suggests short term bottoming on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for channel resistance (now at 104.47). Sustained break there will argue that the...