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Daily Pivots: (S1) 1.6502; (P) 1.6535; (R1) 1.6577; More… Intraday bias in EUR/AUD is back on the upside as rise from 1.5996 resumes. Further rally should be seen to 1.6742 resistance. As noted before, corrective fall from 1.7062 should have completed with three waves down to 1.5998. Firm break of 1.6742 will argue that larger […]

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29/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9762; (P) 0.9780; (R1) 0.9797; More… Intraday bias in EUR/CHF remains neutral at this point. Further rally is expected with 0.9708 minor support intact. Above 0.9800 will resume the rebound from 0.9563 to retest 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the corrective pattern form […]
04/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.73; (P) 180.74; (R1) 182.48; More… Intraday bias in GBP/JPY stays neutral for the moment, and range trading could continue above 178.32. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at […]
30/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9569; (P) 0.9587; (R1) 0.9606; More…. Intraday bias in EUR/CHF remains neutral and more consolidations would be seen above 0.9159. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should have completed as a corrective move at 0.9772. Below 0.9519 will bring retest of 0.9476. Firm […]