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EUR/AUD’s steep decline last week suggests that rebound from 1.6002 has completed with three waves up to 1.6598. But as a temporary low was then formed at 1.6161, initial bias is neutral this week first. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone. For now, risk will stay mildly […]

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02/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2513; (P) 1.2578; (R1) 1.2617; More… Intraday bias in GBP/USD remain son the downside for 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. For now, risk will stay on the downside as long as 1.2667 resistance holds, […]
26/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8451; (P) 0.8497; (R1) 0.8522; More….. Intraday bias in USD/CHF remains on the downside for retesting 0.8431 support. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside, above 0.8540 minor resistance will turn intraday bias neutral. But risk will stay on the downside as long as […]
11/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8552; (P) 0.8562; (R1) 0.8576; More… Intraday bias in EUR/GBP remains neutral for the moment, as range trading continues. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. […]