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Daily Pivots: (S1) 1.6137; (P) 1.6226; (R1) 1.6288; More.. EUR/AUD quickly retreated after recovery to 1.6313 and intraday bias stays neutral. On the downside, 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 1.6313 resistance should indicate short […]

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22/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0857; (R1) 1.0872; More… Intraday bias in EUR/USD stays neutral and consolidations continue below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at […]
02/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8401; (P) 0.8415; (R1) 0.8429; More…. Intraday bias in EUR/GBP remains neutral for consolidations above 0.8399 temporary low. Stronger recovery might be seen but further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the decline from 0.8624 and target 0.8382 support. Firm break there will resume […]
25/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.91; (P) 155.15; (R1) 155.58; More… USD/JPY’s rally accelerates today and breaks through 155.20 fibonacci level. There is no sign of topping yet. Intraday bias stays on the upside at this point. Sustained trading above 155.20 will pave the way 100% projection of 140.25 to 150.87 from 146.47 at 157.09. For now, […]