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Daily Pivots: (S1) 1.0608; (P) 1.0636; (R1) 1.0653; More… A temporary low is in place at 1.0601 in EUR/USD with 4H MACD crossed above signal line. Intraday bias is turned neutral for consolidations first. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of […]

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20/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6197; (P) 1.6248; (R1) 1.6289; More… EUR/AUD’s decline resumed by breaking 1.6206 and intraday bias is back on the downside. Current fall from 1.7062 should now target 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. On the upside, above 1.6319 minor resistance will turn intraday bias neutral first. But risk […]
16/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.21; (P) 155.38; (R1) 156.08; More… Intraday bias in USD/JPY remains on the downside at this point. Fall from 156.78 is seen as the the third leg of the corrective pattern from 160.20 high. Deeper decline would be seen to 151.86 support and possibly below. For now, risk will stay on the […]
09/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6535; (P) 0.6565; (R1) 0.6622; More… AUD/USD’s break of 0.6567 resistance confirms short term bottoming at 0.6348 and stronger rebound is underway. Intraday bias is back on the upside for 55 D EMA (now at 0.6614). Sustained break there will target 0.6798 resistance. On the downside, break of 0.6506 minor support will […]