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Daily Pivots: (S1) 1.6252; (P) 1.6301; (R1) 1.6347; More…. No change in EUR/AUD’s outlook as sideway trading continues in range of 1.6211/6403. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume the rebound […]

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06/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8901; (P) 0.8925; (R1) 0.8959; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near term bullishness. However, sustained break of 0.8883 fibonacci level will carry larger […]
25/03/2024

EUR/JPY Weekly Outlook

EUR/JPY’s up trend resumed last week and surged to 165.33. But as a temporary top was formed with subsequent retreat, initial bias stays neutral this week for more consolidations. Downside should be contained by 55 4H EMA (now at 163.23) to bring rebound. On the upside, break of 165.33 will resume larger up trend to […]
04/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0838; (P) 1.0875; (R1) 1.0922; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.1016 short term top should extend to 55 D EMA (now at 1.0769). On the upside, however, break of 1.1016 will resume the rise from 1.0447 to retest 1.1274 high instead. In […]