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Daily Pivots: (S1) 1.0814; (P) 1.0842; (R1) 1.0885; More… EUR/USD’s break of 1.0871 resistance confirms short term bottoming at 1.0760, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 55 D EMA (now at 1.0945). Strong resistance should be seen there to limit upside. On the downside, sustained break […]

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11/05/2024

AUD/USD Weekly Report

AUD/USD turned into consolidation below 0.6645 last week. Initial bias stays neutral this week first, and more sideway trading could be seen. Further rise is in favor as long as 55 4H EMA (now at 0.6575) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA […]
05/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8811; (P) 0.8852; (R1) 0.8874; More…. Range trading continues in USD/CHF and intraday bias remains neutral for now. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back […]
20/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… GBP/USD dips notably today but stays well above 1.2499 support. Intraday bias remains neutral first. While more consolidations could be seen, further rally is still expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 […]