Author: Forex Live

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.4018; (P) 1.4089; (R1) 1.4187; More… Outlook in GBP/USD remains unchanged and intraday bias stays on the upside. Rise from 1.3668 is in progress for retesting 1.4240 high. Firm break there will resume larger up trend from 1.1409 low for 1.4376 long term resistance next. On the downside, break of 1.4008 resistance […]

Pound Australian Dollar (GBP/AUD) Exchange Rate Heads Higher as England’s Lockdown Easing is Confirmed for May

May 11, 2021 – Written by John Cameron STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Heads Higher as England’s Lockdown Easing is Confirmed for May GBP/AUD Exchange Rate Rises Ahead of May’s Easing of UK Lockdown Measures The Pound Australian Dollar (GBP/AUD) exchange rate rose today after Prime Minister Boris Johnson confirmed that England’s […]

EUR/JPY Buying The Dips At The Blue Box

In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY pair, published in the members area of the website. EURJPY is showing bullish sequences in the cycle from the 05/07 (114.474 ) low. As our members know, we’ve been calling rally in this forex pair. We recommended […]

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8975; (P) 0.9035; (R1) 0.9064; More…. A temporary low is formed at 0.8984 and intraday bias in USD/CHF is turned neutral first. Some consolidations could be seen but outlook will stay bearish with 0.9163 resistance intact. Below 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. In the bigger picture, […]

EURCHF Eases after a Green Spike; Indicators are Mix

EURCHF quickly recovered yesterday’s losses after touching an eleven-week low of 1.0921. The rebound helped the currency to surpass the 20- and 40-period simple moving averages (SMAs) on the four-hour chart. The RSI jumped above the neutral threshold of 50 but it is currently pointing down, whereas the stochastic is moving towards the overbought region. In the positive scenario, […]

EUR/USD Retreats To SMA

During late Monday’s trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. In the case the rate passes the resistance of the 1.2175/1.2180 zone, […]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.53; (P) 108.79; (R1) 109.11; More… No change in USD/JPY’s outlook as further decline is expected to 107.47 support first. Break of 107.47 will resume whole decline from 110.95 for 100% projection of 110.95 to 107.47 from 109.68 at 106.20 next. Risk will remain on the downside as long as 109.68 resistance […]