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Daily Pivots: (S1) 0.6605; (P) 0.6655; (R1) 0.6713; More… Despite strong rebound, AUD/USD failed to break through 0.6713 resistance and retreated sharply. Intraday bias remains neutral at this point. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained break of 0.6578 cluster support (38.2% retracement […]

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20/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2681; (P) 1.2708; (R1) 1.2747; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen but deeper decline is in favor as long as 1.2822 resistance holds. On the downside, sustained break of 55 D EMA (now at 1.2677) will target 1.2517 […]
15/06/2024

EUR/AUD Weekly Outlook

EUR/AUD’s down trend resumed by breaking through 1.6211 support last week. While downside momentum is a bit unconvincing, there is no sign of bottoming yet. Initial bias is on the downside this week for 61.8% projection of 1.6679 to 1.6211 from 1.6418 at 1.6129. Firm break there will target 100% projection at 1.5950. On the […]
13/04/2024

USD/JPY Weekly Outlook

USD/JPY’s up trend resumed last week by breaking through 151.93 resistance. But it retreated after hitting 153.37. Initial bias is neutral this week for some consolidations first. Outlook will stay bullish as long as 150.80 support holds. Above 153.37 will target 155.20 fibonacci projection level next. In the bigger picture, current rise from 140.25 is […]