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Daily Pivots: (S1) 0.6756; (P) 0.6798; (R1) 0.6856; More… AUD/USD’s break of 0.6823 confirms resumption of rally from 0.6348. Intraday bias stays on the upside for 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915 next. On the downside, below 0.6376 minor support will turn intraday bias neutral first. But outlook will remain cautiously […]

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17/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6651; (P) 0.6682; (R1) 0.6711; More… Intraday bias in AUD/USD is turned neutral with current retreat. Some consolidations would be seen below 0.6713 temporary top first. But further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 […]
10/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8446; (P) 0.8453; (R1) 0.8464; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8495) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest […]
28/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6771; (P) 0.6784; (R1) 0.6805; More… AUD/USD edges higher as rise from 0.6348 continues today. Intraday bias stays on the upside despite some loss of momentum as seen in 4H MACD. Next target is 0.6870. Firm break there will target 100% projection of 0.6269 to 0.6870 from 0.6348 at 0.6949. Near term […]