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Daily Pivots: (S1) 0.6760; (P) 0.6779; (R1) 0.6790; More… AUD/USD’s rally from 0.6348 is in progress and intraday bias stays on the upside. Decisive break of 0.6798 resistance will target 0.6870 resistance next, with prospecting of resuming whole rise from 0.6269. On the downside, below 0.6696 support turn bias to the downside for deeper pull […]

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EUR/USD Daily Outlook

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12/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8544; (P) 0.8562; (R1) 0.8573; More…. Intraday bias in EUR/GBP remains neutral for the moment. Some consolidations would be seen below 0.8624, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, firm break of 0.8624 […]
29/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8370; (P) 0.8412; (R1) 0.8490; More…. Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8332 temporary low. Outlook will stay bearish as long as 0.8665 support turned resistance holds. Break of 0.8332 will resume larger fall from 0.9243 to 138.2% projection of 0.9111 […]
03/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s rise from 0.8382 accelerated higher last week and the strong break of 0.8498 resistance argues that fall form 0.8643 has completed with five waves down to 0.8382. Initial bias stays on the upside this week for channel resistance (now at (now at 0.8560). Sustained break there will raise the chance of larger bullish trend […]