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EUR/AUD’s extended rebound last week suggests that corrective fall from 1.7180 has completed with three waves down to 1.6002, after drawing support from 1.5996. But as a temporary top was formed after hitting 1.6598, initial bias is turned neutral this week first. Downside of retreat should be contained by 1.6351 resistance turned support. Above 1.6598 […]

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17/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 204.94; (P) 205.37; (R1) 205.94; More… Intraday bias in GBP/JPY stays neutral for consolidation above 203.82 temporary low. Corrective fall from 208.09 short term top could still extend lower. Break of 203.82 would target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected there to bring rebound. On the […]
06/11/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9402; (P) 0.9419; (R1) 0.9452; More…. In spite of all the volatility, EUR/CHF is still bounded in converging triangle and intraday bias stays neutral at this point. On the downside, break of 0.9331 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9444 will turn intraday bias […]
16/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8937; (P) 0.8955; (R1) 0.8975; More… Intraday bias in USD/CHF remains neutral and further decline is expected with 0.9000 resistance intact. Below 0.8914 will target 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 will turn bias back to the upside […]