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Daily Pivots: (S1) 1.2887; (P) 1.2941; (R1) 1.2974; More… GBP/USD’s fall from 1.3433 continues today and intraday bias stays on the downside. Deeper decline would be seen to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. On the upside, above 1.3070 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another […]

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18/12/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0469; (P) 1.0501; (R1) 1.0524; More… Intraday bias in EUR/USD remains neutral as range trading continues. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0668) holds. On the downside, below 1.0452 will bring retest of 1.0330 low. In the bigger […]
27/04/2024

EUR/AUD Weekly Outlook

EUR/AUD’s fall from 1.6742 resumed by breaking through 1.6368 support last week. The development revived the case that rise from 1.6127 has completed at 1.6742. Fall from there is the third leg of the corrective pattern from 1.7062. Initial bias is now on the downside this week for 1.6127 support next. On the upside, above […]
19/11/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6467; (P) 0.6489; (R1) 0.6530; More… Intraday bias in AUD/USD stays neutral and some more consolidations would be seen above 0.6440 temporary low. But outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume […]