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Daily Pivots: (S1) 0.6615; (P) 0.6658; (R1) 0.6686; More… Intraday bias in AUD/USD as fall from 0.6798 continues to accelerate lower. Sustained trading below 38.2% retracement of 0.6361 to 0.6798 at 0.6631 will raise the chance of near term bearish reversal. Next target will be 61.8% retracement at 0.6528. On the upside, above 0.6679 minor […]

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08/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0827; (R1) 1.0854; More…. Despite some loss off upside momentum as seen in 4H MACD, intraday bias in EUR/SD stays on the upside with 1.0783 minor support intact. Rise from 1.0665 would target 1.0915 resistance first. Firm break there will target 100% projection of 1.0601 to 1.0915 from 1.0665 at […]
13/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.39; (P) 186.07; (R1) 186.84; More… Intraday bias in GBP/JPY remains neutral for the moment. Further decline is expected as long as 189.77 resistance holds. Below 183.70 will bring retest of 180.00 low. Break there will resume whole fall from 208.09 to 175.94 fibonacci level. In the bigger picture, price actions from […]
19/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.32; (P) 164.64; (R1) 164.91; More… Range trading continues in EUR/JPY despite huge volatility. Intraday bias remains neutral first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.26 support will argue that it’s at least correcting the rise from […]