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AUD/USD turned into consolidation below 0.6645 last week. Initial bias stays neutral this week first, and more sideway trading could be seen. Further rise is in favor as long as 55 4H EMA (now at 0.6575) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA […]

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16/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9371; (P) 0.9404; (R1) 0.9437; More…. Intraday bias in EUR/CHF remains neutral for moment, and outlook stays bearish as long as 0.9444 resistance holds. On the downside, below 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. Firm break there will resume larger down trend. However, decisive break of 0.9444 […]
29/11/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8649; (P) 0.8666; (R1) 0.8678; More…. No change in EUR/GBP’s outlook. Intraday bias stays on the downside at this point. Decisive break of 0.8648 support will argue that whole rise from 0.8491 has completed and turn near term outlook bearish. Nevertheless, break of 0.8706 minor resistance will retain near term bullishness and […]
11/05/2024

EUR/CHF Weekly Outlook

EUR/CHF turned into sideway consolidations last week but overall outlook is unchanged. Initial bias remains neutral this week first. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as long as 0.9835 resistance holds. Below 0.9728 will target 0.9563. But strong support is […]