by OverviewFX | Aug 14, 2024 | Forex
Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.1007 confirms resumption of whole rally from 1.0665. Intraday bias is staying on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. Decisive break there could...
by OverviewFX | Aug 14, 2024 | Forex
Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… Intraday bias in GBP/USD remains on the upside at this point. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen to retest 1.3043 resistance first. Firm break there will...
by OverviewFX | Aug 14, 2024 | Forex
Daily Pivots: (S1) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Breach of 0.8631 minor support argues that USD/CHF’s rebound from 0.8431 might have completed at 0.8701 already. Intraday bias is mildly on the downside for retesting 0.8431 low. On the upside, however, firm...
by OverviewFX | Aug 14, 2024 | Forex
Daily Pivots: (S1) 146.31; (P) 147.13; (R1) 147.66; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Outlook stays bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will...
by OverviewFX | Aug 14, 2024 | Forex
AUD/USD is consolidating gains near the 0.6620 zone. NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside correction from 0.6640 against the US...
by OverviewFX | Aug 14, 2024 | Forex
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but...
