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Daily Pivots: (S1) 0.6422; (P) 0.6458; (R1) 0.6477; More… AUD/USD’s break of 0.6442 support confirms resumption of whole fall from 0.6870. Intraday bias remains on the downside for 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. Decisive break there will pave the way to 0.6269 low, and possibly further to 100% projection at […]

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04/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8467; (P) 0.8511; (R1) 0.8535; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8332 is in progress. Outlook stays bearish with 0.8665 support turned resistance intact. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 projection level. In the bigger picture, break of 0.8551 support […]
24/07/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 accelerates lower today and it’s now pressing 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen from this fibonacci level, and break of 169.19 minor resistance will turn intraday bias neutral first. However, decisive break of 166.90 will […]
15/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2549; (P) 1.2617; (R1) 1.2661; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.2691 resistance will affirm the case that correction from 1.2826 has completed at 1.2517, after drawing support from 1.2499. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, […]