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AUD/USD’s rebound from 0.6361 extended higher last week and further rally is expected as long as 0.6482 support holds. Sustained break of 55 D EMA (now at 0.6527) will argue that fall from 0.6870 has completed, and bring further rally to 0.6643 resistance next. On the downside, though, break of 0.6482 minor support will turn […]

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EUR/USD Weekly Outlook

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08/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9695; (P) 0.9718; (R1) 0.9733; More…. EUR/CHF dips further today but stays above 0.9639 minor support. Intraday bias remains neutral and further rally is still expected. Above 0.9754 will target 0.9928 high. Nevertheless, break of 0.9639 will resume the rally from 0.9476 and turn bias back to the downside for 0.9476 low […]
13/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.21; (P) 188.54; (R1) 188.84; More… Intraday bias in GBP/JPY remains on the upside at this point. Decisive break of 188.90 resistance will confirm larger up trend resumption. Next near term target will be 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. For now, near term outlook will stay bullish […]
18/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.08; (P) 146.70; (R1) 147.80; More… Intraday bias in USD/JPY remains on the upside at this point. Current rise from 140.25 should target 151.89/93 key resistance zone next. On the downside, below 146.40 minor support will turn intraday bias neutral first. But further rally will remain in favor as long as 55 […]