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Daily Pivots: (S1) 0.6683; (P) 0.6719; (R1) 0.6740; More… Intraday bias in AUD/USD remains neutral as consolidations continue below 0.6760 temporary top. Downside of retreat should be contained by 55 4H EMA (now at 0.6676) to bring rebound. Above 0.6760 will target 0.6798 resistance next. Firm break there will argue that larger rise from 0.6269 […]

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09/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8587; (P) 0.8603; (R1) 0.8615; More… Intraday bias in EUR/GBP remains mildly on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from 0.8497 low. On the downside, below 0.8585 minor support will turn intraday bias neutral first. In the bigger picture, outlook remains bearish as EUR/GBP is […]
06/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8419; (P) 0.8455; (R1) 0.8476; More… USD/CHF’s fall from 0.9223 resumed by breaching 0.8399 support. Intraday bias is back on the downside for retesting 0.8332 low. decisive break there will indicate larger down trend resumption. However, break of 0.8536 resistance will now confirm short term bottoming, and turn bias back to the […]
15/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.32; (P) 144.95; (R1) 145.54; More… Intraday bias in USD/JPY remains neutral at this point. Rebound from 140.25 could extend through 146.40, but upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, break of 143.41 will turn bias back to the downside for retesting 140.25 […]