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Daily Pivots: (S1) 0.6602; (P) 0.6624; (R1) 0.6649; More… Intraday bias in AUD/USD remains on the upside at this point. Rise from 0.6480 is seen as the third leg of the pattern from 0.6442. Further rally would be seen to 0.6666 resistance, and then 100% projection of 0.6442 to 0.6666 from 0.6480 at 0.6704. Nevertheless, […]

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31/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Further decline is expected in EUR/USD with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then be seen to 1.0601/0665 support zone next. Nevertheless, […]
30/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2673; (P) 1.2727; (R1) 1.2754; More… GBP/USD is staying in range of 1.2670/2799 and intraday bias remains neutral. Some more consolidations could be seen but further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will […]
23/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.33; (P) 156.58; (R1) 157.07; More… Intraday bias in USD/JPY remains neutral for the moment. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to 100% projection of 151.86 to 156.78 from 153.59 at 158.51. […]