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GBP/USD edged higher to 1.2859 last week, but subsequent decline argues that rise from 1.2298 has completed already, on bearish divergence condition in 4H MACD. Initial bias remains on the downside this week for 1.2633 resistance turned support first. Firm break there will target 1.2445 and below. For now, risk will be on the downside […]

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EUR/AUD Daily Outlook

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12/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0697; (P) 1.0727; (R1) 1.0755; More… Intraday bias in EUR/USD stays on the downside for the moment. Decisive break of 1.0694/0723 support zone will resume whole fall from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0766 minor resistance will turn intraday […]
02/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD is turned neutral against with current recovery. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 D EMA (now at 1.0770) will argue that fall from 1.0980 has completed. On the downside, though, break of […]

AUD/USD Daily Report

Daily Pivots: (S1) 0.6479; (P) 0.6509; (R1) 0.6554; More… Intraday bias in AUD/USD is turned neutral again with current recovery. On the upside, break of 0.6585 resistance will resume the rebound from 0.6361. That would also affirm the case that fall from 0.6870 has completed. Further rally would be seen to 0.6643 resistance next. Nevertheless, […]