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Daily Pivots: (S1) 0.8616; (P) 0.8632; (R1) 0.8649; More… USD/CHF’s rise from 0.8374 resumed by breaking through 0.8710 and intraday bias is back on the upside. Sustained trading above 0.8710 will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should then be seen to 61.8% retracement at 0.8899 next. For […]

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16/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… EUR/USD’s rally from 1.0601 continues today and intraday bias stays on the upside. Next target is 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed already. On the downside, below 1.0833 minor support will turn intraday bias neutral first. But further […]
29/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6292; (P) 1.6318; (R1) 1.6352; More… Intraday bias in EUR/AUD remains mildly on the downside for retesting 1.6211 low first. Firm break there will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume the rebound from 1.6211 instead. In […]
22/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… GBP/USD’s firm break of 1.3043 confirms resumption of whole rally from 1.2998. Intraday bias stays on the upside for 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. Decisive break there will confirm larger up trend resumption for 100% […]