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Daily Pivots: (S1) 1.0820; (P) 1.0873; (R1) 1.0965; More….. Intraday bias in EUR/USD remains on the upside for the moment. Decisive break of 1.0947 resistance will resume rise from 1.0665 and target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as long as 55 4H […]

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03/08/2024

AUD/USD Weekly Report

AUD/USD edged lower to 0.6479 last week but turned sideway since then. Initial bias stays neutral this week for some more consolidations. But further decline is expected as long as 0.6609 minor resistance holds. Break of 0.6479 will resume the fall from 0.6798 to 0.6361 support next. In the bigger picture, overall, price actions from […]
08/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3300; (P) 1.3349; (R1) 1.3411; More… Further rise is in favor in USD/CAD with 1.3286 minor support intact. Current rise from 1.3176 short term bottom would target 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. On the downside, however, break […]
23/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.69; (P) 162.36; (R1) 163.24; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 163.86 continues. On the upside, break of 163.86 will resume the rise from 154.40 and target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, […]