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Daily Pivots: (S1) 0.6730; (P) 0.6770; (R1) 0.6797; More… AUD/USD’s fall from 0.6941 short term top accelerates lower today and intraday bias stays on the downside. Sustained trading below 55 D EMA (now at 0.6744) should confirm rejection by 0.6941 fibonacci level, and bring deeper decline to 0.6621 support. On the upside, above 0.6809 minor […]

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16/12/2023

EUR/AUD Weekly Outlook

EUR/AUD’s decline resumed last week but recovered after dipping to 1.6206. Initial bias remains neutral this week first. Outlook stays bearish as long as 1.6478 resistance holds. Firm break of 1.6206 will resume whole fall from 1.7062. Next target is 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. In the bigger picture, fall […]
16/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.32; (P) 144.95; (R1) 145.54; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. 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 […]
17/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0666; (P) 1.0705; (R1) 1.0743; More…. Intraday bias in EUR/USD remains on downside at this point. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Deeper decline would be seen to 1.0601 low first. Firm break there will target channel support at 1.0510 next. On the upside, above […]