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EUR/AUD’s pull back from 1.6671 extended to as low as 1.6348 last week but rebounded since then. Initial bias remains neutral this week first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to […]

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EUR/USD Weekly Outlook

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19/09/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9386; (P) 0.9405; (R1) 0.9427; More…. EUR/CHF’s break of 0.9444 resistance suggests that pull back from 0.9579 has completed at 0.9305 already. Rise from there is seen as the third leg of the pattern from 0.9209. Intraday bias is back on the upside for 0.9579 resistance next. On the downside, below 0.9380 […]
29/11/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2597; (P) 1.2621; (R1) 1.2650; More… Intraday bias in GBP/USD stays on the upside for the moment. Current rise from 1.2036 should target 61.8% retracement of 1.3141 to 1.2036 at 1.2716. Upside could be capped there on first attempt, on loss of momentum as seen in 4H MACD. On the downside, below […]
07/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations could be seen. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. In the bigger picture, price actions from […]