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Daily Pivots: (S1) 0.6669; (P) 0.6701; (R1) 0.6739; More… Intraday bias in AUD/USD remains on the upside for the moment. Rise from 0.6361 has just resumed and should target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837 next. For now, near term outlook will stay bullish as long as 0.6619 support holds, in […]

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16/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… USD/CHF’s rise from 0.8374 is in progress and intraday bias stays on the upside for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be seen to 61.8% retracement […]
09/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD is turned neutral first as it retreated ahead of 1.2859 resistance. Outlook will stay bullish as long as 1.2612 support holds, even in case of deeper pullback. On the upside, firm break of 1.2859 will resume the rally from 1.2298 and target […]
31/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s fall from 0.8624 extended to as low as 0.8399 last week but recovered since then. Initial bias is turned neutral this week for some consolidations. Risk will stay on the downside as long as 55 4H EMA (now at 0.8457) holds. Below 0.8399 will target 0.8382 support. Firm break there will resume larger down […]