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AUD/USD’s rally contained last week and hit as high as 0.6936. Initial bias is on the upside this week. Firm break of 0.6941 will pave the way to 100% projection of 0.6348 to 0.6823 from 0.6621 at 0.7096. On the downside, below 0.6817 support will turn intraday bias neutral first. In the bigger picture, overall, […]

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28/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6771; (P) 0.6784; (R1) 0.6805; More… AUD/USD edges higher as rise from 0.6348 continues today. Intraday bias stays on the upside despite some loss of momentum as seen in 4H MACD. Next target is 0.6870. Firm break there will target 100% projection of 0.6269 to 0.6870 from 0.6348 at 0.6949. Near term […]
21/01/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rise from 178.32 continued last week and breach of 188.63 argues that larger up trend is resuming. Initial bias stays on the upside this week. Sustained trading above 188.63 will confirm this case and target 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. On the downside, below 1187.01 minor support will turn […]
27/01/2024

USD/CHF Weekly Outlook

USD/CHF retreated again after edging higher to 0.8727 last week. Initial bias stays neutral this week first. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, firm break of 0.8727 […]