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Daily Pivots: (S1) 0.6791; (P) 0.6850; (R1) 0.6881; More… With current retreat, a temporary top is in place at 0.6907 in AUD/USD, just ahead of 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. Intraday bias is turned neutral for consolidations first. While deeper retreat cannot be ruled out, outlook will stay bullish as […]

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EUR/CHF Daily Outlook

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06/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.39; (P) 165.72; (R1) 166.04; More…. Intraday bias in EUR/JPY remains neutral as consolidations continue below 166.67. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. However, considering bearish divergence condition […]
12/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2993; (P) 1.3052; (R1) 1.3103; More… The break of 1.3043 resistance turned support confirms short term topping at 1.3265. Intraday bias in GBP/USD is now on the downside for 55 D EMA (now at 1.2949). Sustained break there will bring deeper fall to 1.2664 key support. On the upside, above 1.3111 minor […]
24/11/2024

EUR/JPY Weekly Outlook

EUR/JPY’s decline from 166.67 extended lower last week despite interim rebound. Current development suggests that corrective rebound from 154.40 has completed with three waves up to 166.67. Initial bias is now on the downside this week for 155.14 support next. For now, risk will stay on the downside as long as 163.19 support turned resistance […]