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Daily Pivots: (S1) 1.6093; (P) 1.6172; (R1) 1.6212; More… EUR/AUD’s down trend resumed by breaking through 1.6148 temporary low and intraday bias is back on the downside. Next target is 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. On the upside, above 1.6148 minor resistance will turn intraday bias neutral and bring consolidations […]

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EUR/USD Daily Outlook

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31/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… USD/JPY’s fall from 161.94 accelerates lower again to as low as 149.77 so far. Intraday bias stays on the downside for 148.66 fibonacci level, which is close to medium term channel support (now at 148.22). Strong support could be seen there to bring rebound. But break […]
31/08/2024

USD/CAD Weekly Outlook

USD/CAD’s fall from 1.3946 continued last week and extended to as low as 1.3439. But as a temporary low was formed there, initial bias remains neutral this week for more consolidations. Outlook will stay bearish as long as 1.3617 resistance holds. Below 1.3439 will target 1.3176 support next. In the bigger picture, current development suggests […]
19/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2418; (P) 1.2452; (R1) 1.2469; More… Intraday bias in GBP/USD is back on the downside as fall from 1.2892 resumes. Deeper decline would be seen to 100% projection of 1.2892 to 1.2538 from 1.2708 at 1.2354. Firm break there will target 161.8% projection at 1.2207 next. On the upside, above 1.2483 resistance […]