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Daily Pivots: (S1) 0.8395; (P) 0.8411; (R1) 0.8424; More…. Intraday bias in EUR/GBP remains neutral as consolidations continue above 0.8382 low. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger picture, down trend […]

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12/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8955; (P) 0.8974; (R1) 0.8996; More…. USD/CHF failed to break through 0.8987 support turned resistance decisively despite breaching it. Intraday bias stays neutral first. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, after drawing support from 0.8883 fibonacci level. Intraday bias will […]
20/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6677; (P) 0.6706; (R1) 0.6761; More… AUD/USD’s rally from 0.6348 is in progress and intraday bias stays on the upside for 0.6798 resistance. Firm break there will argue that larger rise from 0.6269 is ready to resume through 0.6870 resistance. On the downside, below 0.6676 minor support will turn intraday bias neutral […]
16/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 171.61; (P) 172.08; (R1) 172.61; More… Intraday bias in EUR/JPY is turned neutral with current recovery. Corrective fall from 175.41 could still extend lower. But downside should be contained by 170.87 and bring rebound. On the upside, above 173.42 will turn bias back to the upside for retesting 175.41. However, firm break […]