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Daily Pivots: (S1) 1.6160; (P) 1.6201; (R1) 1.6263; More… EUR/AUD recovered again after brief dip to 1.6137 and intraday bias is turned neutral again. Below 1.6137 will target 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Meanwhile, considering bullish convergence condition in 4H MACD, firm break of 1.6265 resistance should indicate short term […]

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30/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6454; (P) 1.6484; (R1) 1.6536; More… Intraday bias in EUR/AUD remains neutral at this point. Further rally is expected as long as 1.6398 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. However, break […]
01/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3532; (P) 1.3579; (R1) 1.3606; More… USD/CAD’s fall from 1.3897 resumed after brief recovery. Intraday bias is back on the downside. Further fall should be seen to 1.3378 support next. On the upsi8de, though, above 1.3625 minor resistance will turn intraday bias neutral again first. In the bigger picture, corrective pattern from […]
05/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0917; (P) 1.0944; (R1) 1.0974; More… EUR/USD’s fall from 1.1138 short term top is trying to resume by breaking 1.0892 temporary low. Intraday bias is back on the downside for 1.0722 support first. Sustained break there will argue that whole rise from 1.0447 has completed, and break deeper fall back to this […]