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Daily Pivots: (S1) 0.8523; (P) 0.8631; (R1) 0.8689; More… USD/CHF’s decline accelerates lower today. There so no sign of bottoming yet, and intraday bias stays on the downside for retesting 0.8332 low. On the upside, above 0.8594 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall. In the bigger picture, […]

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07/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3653; (P) 1.3682; (R1) 1.3699; More…. Intraday bias in USD/CAD remains neutral as it’s still bounded in sideway trading. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, […]
02/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6453; (P) 1.6529; (R1) 1.6621; More… EUR/AUD failed to break through 1.6671 resistance and retreated sharply. Intraday bias is turned neutral again first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be […]
30/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.28; (P) 144.92; (R1) 145.61; More… Intraday bias in USD/JPY stays neutral but further fall is in favor with 146.47 minor resistance intact. Break of 143.43 will bring retest of 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On the upside, above 146.47 will […]