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Daily Pivots: (S1) 1.6047; (P) 1.6070; (R1) 1.6096; More… EUR/AUD is extending the consolidation from 1.5996 and intraday bias stays neutral. With 1.6211 support turned resistance intact, outlook remains bearish. On the downside, break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there will target 1.5846 key […]

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07/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8798; (P) 0.8828; (R1) 0.8850; More…. USD/CHF’s retreat from 0.8891 extends lower today but stays well above 0.8741 support. Intraday bias remains neutral and further rally is still in favor. On the upside, break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support […]
27/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2611; (P) 1.2639; (R1) 1.2657; More… Intraday bias in GBP/USD remains neutral for the moment. More consolidations could be seen above 1.2574. But risk will stay on the downside as long as 55 4H EMA (now at 1.2677) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. […]
11/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to […]