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Daily Pivots: (S1) 0.6761; (P) 0.6777; (R1) 0.6801; More… Intraday bias in AUD/USD is turned neutral for some consolidations. On the upside, above 0.6898 will target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100% projection at 0.6971. On the downside, however, […]

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02/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. Further decline is expected in EUR/USD as long as 1.0869 resistance holds. Current development suggests that rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should be seen to 1.0665 support. Firm break there will target 1.0601 support next. In the bigger […]
15/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Break of 1.3652 resistance suggests that a short term bottom was formed at 1.3588, after hitting 1.3589 support. Intraday bias is back on the upside for 13790 resistance. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 to 100% projection of […]
06/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9724; (P) 0.9746; (R1) 0.9762; More… Intraday bias in EUR/CHF remains on the downside at this point. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847, and should target 0.9563 support. For now, risk will stay on the downside as long as 0.9835 resistance holds, in […]