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Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8673; More… USD/CHF’s recovery from 0.8431 extends higher today but stays below 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias remains neutral and further decline is still expected. On the downside, below 0.8631 minor support will bring retest of 0.8431 first. Break there will resume the […]

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31/08/2024

EUR/AUD Weekly Outlook

EUR/AUD’s decline from 1.7180 extended to as low as 1.6256 last week but recovered since then. Initial bias is turned neutral this week for some consolidations. Further decline would remain in favor as long as 1.6580 resistance holds. Below 1.6256 will target 1.5996 key support level next. In the bigger picture, outlook is mixed up […]
24/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6455; (P) 1.6514; (R1) 1.6555; More… EUR/AUD’s consolidation from 1.6671 is in progress and intraday bias stays neutral. Rise from 1.6127 is expected to continue as long as 1.6398 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will target 1.6844 resistance to […]
09/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9784; (P) 0.9810; (R1) 0.9858; More… Range trading continues in EUR/CHF and intraday bias stays neutral. Near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, and turn bias back to the downside for […]