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Daily Pivots: (S1) 0.8388; (P) 0.8437; (R1) 0.8464; More….. USD/CHF’s break of 0.8431 support indicates resumption of whole decline from 0.9223. Intraday bias stays on the downside for 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. On the upside, above 0.8484 minor resistance will turn intraday bias neutral. But […]

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18/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2616; (P) 1.2656; (R1) 1.2715; More… Intraday bias in GBP/USD remains neutral at this point. On the downside, firm break of 1.2595 support will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will resume whole rally from […]
13/07/2024

USD/JPY Weekly Outlook

USD/JPY’s sharp decline last week confirmed short term topping at 161.94. Considering bearish divergence condition in D MACD, fall from 161.94 is likely corrective whole five-wave rally from 140.25. Risk will stay on the downside as long as 160.25 support turned resistance holds. Sustained break of 55 D EMA (now at 157.67) will affirm this […]
15/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6329; (P) 1.6372; (R1) 1.6423; More… Intraday bias in EUR/AUD remains neutral, further further rise is in favor as long as 1.16278 minor support holds. On the upside, firm break of 1.6478 resistance will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6278 […]