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Daily Pivots: (S1) 0.6609; (P) 0.6637; (R1) 0.6678; More… Intraday bias in AUD/USD is turned neutral with current retreat. Some more consolidations could be seen first. But further rally is expected as long as 0.6521 resistance turned support holds. On the upside, sustained break break of channel resistance (now at 0.6663) will argue that whole […]

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EUR/USD Daily Outlook

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08/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6476; (P) 1.6504; (R1) 1.6551; More… EUR/AUD is still bounded in range trading and intraday bias stays neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for […]
20/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3614; (P) 1.3650; (R1) 1.3670; More… Intraday bias in USD/CAD remains on the downside as fall from 1.3946 is extending towards 1.3588 structural support. Strong support could be seen from there to bring reversal. However, for now, risk will stay on the downside as long as 1.3737 resistance holds, in case of […]
13/01/2024

GBP/JPY Weekly Outlook

GBP/JPY’s strong break of 184.15 resistance last week indicates that corrective fall from 188.63 has completed at 178.32. But as a temporary top was formed at 186.14, initial bias is neutral this week first. Further rally is in favor as long as 182.73 minor support holds. Break of 186.14 will target 188.63 high next. In […]