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Daily Pivots: (S1) 0.8646; (P) 0.8662; (R1) 0.8674; More… Intraday bias in USD/CHF remains neutral for consolidation below 0.8685 temporary low. Further rally is still in favor as long as 0.8629 minor support holds. Sustained break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed at 0.8374, […]

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EUR/USD Weekly Outlook

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04/12/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0482; (P) 1.0508; (R1) 1.0536; More… EUR/USD is staying in sideway trading and intraday bias remains neutral. Outlook stays bearish with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. Nevertheless, firm break […]
24/09/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6806; (P) 0.6830; (R1) 0.6862; More… AUD/USD’s rally is still in progress and intraday bias remains on the upside for 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. On the downside, below 0.6736 minor support will turn intraday bias neutral first. But outlook will remain cautiously bullish as long as […]
31/08/2024

EUR/JPY Weekly Outlook

No change in EUR/JPY’s outlook as sideway trading continued below 163.86 last week. Initial bias remains neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]