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Daily Pivots: (S1) 155.38; (P) 155.65; (R1) 156.02; More… Further rise is mildly in favor in USD/JPY despite loss of upside momentum as seen in 4H MACD. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, could extend towards 157.98 resistance. On the downside, break of 154.23 will suggest that the […]

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EUR/JPY Daily Outlook

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USD/JPY Mid-Day Outlook

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06/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9364; (P) 0.9386; (R1) 0.9399; More…. Intraday bias in EURCHF remains neutral with focus on 0.9351 support. Firm break there, will resume the decline from 0.9579 to retest 0.9209 low. Further decline will remain in favor as long as 0.9455 resistance holds, in case of recovery. In the bigger picture, medium term […]
02/12/2023

EUR/AUD Weekly Outlook

EUR/AUD’s decline from 1.7062 resumed by diving through 1.6319 support last week. Initial bias stays on the downside this week for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 next. On the upside, above 1.6649 resistance will turn intraday bias and bring consolidations first, before staging another decline. In the bigger picture, the […]
13/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. EUR/USD rebounded strongly ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996 but stays below 1.1153 resistance. Intraday bias remains neutral first. Outlook stays bullish with 1.0996 intact. Break of 1.153 will suggest that larger rally is resuming through 1.1200 to 1.1274 key resistance. Nevertheless, […]