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EUR/AUD edged higher to 1.6742 last week but fell sharply since then. Immediate focus is now on 1.6450 support this week. Decisive break there will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend the whole corrective […]

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EUR/USD Weekly Outlook

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10/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2471; (P) 1.2499; (R1) 1.2552; More… Intraday bias in GBP/USD remains neutral at this point, as it recovered after dipping to 1.2445. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. However, firm break of firm break […]
13/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8748; (P) 0.8772; (R1) 0.8796; More…. Intraday bias in USD/CHF remains neutral at this point. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term bullishness. Further […]
07/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8731; (P) 0.8746; (R1) 0.8762; More…. Intraday bias in USD/CHF remains neutral as range trading continues. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is close to 0.8551 […]