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Daily Pivots: (S1) 1.6280; (P) 1.6332; (R1) 1.6388; More… Intraday bias in EUR/AUD stays neutral for the moment as consolidation from 1.6216 is still extending. Further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn […]

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19/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9626; (P) 0.9641; (R1) 0.9669; More… EUR/CHF’s rally from 0.9252resumed by breaking through 0.9630 and intraday bias is back on the upside. 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 is already met but there is no sign on topping yet. Sustained break of 0.9658 will target 0.9683 key resistance […]
04/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6698; (P) 0.6735; (R1) 0.6767; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Pull back from 0.6870 short term top is in progress for 0.6689 resistance turned support, and possibly below. But strong support would be seen from channel support (now at 0.6663) to bring rebound. On […]
29/06/2024

EUR/CHF Weekly Outlook

While EUR/CHF’s recovery from 0.9476 extended higher last week, outlook stays bearish with 0.9683 resistance intact. Initial bias remains neutral this week first. On the downside, below 0.9560 minor support will suggest that the rebound has completed and bring retest of 0.9476. Further break there and and sustained trading below 61.8% retracement of 0.9252 to […]