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Daily Pivots: (S1) 0.6812; (P) 0.6841; (R1) 0.6859; More… AUD/USD continues to lose upside momentum ahead of 0.6894 resistance and intraday bias is turned neutral first. On the upside, decisive break of 0.6894 will extend the rally from 0.6269 towards 0.7156 key resistance next. On the downside, however, break of 0.6796 support will indicate short […]

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EUR/USD Daily Outlook

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17/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.83; (P) 168.37; (R1) 169.41; More… Intraday bias in EUR/JPY remains neutral at this point. On the upside, break of 169.38 will resume the rebound from 162.26. As the second leg of the corrective pattern from 171.58, this rise should target 171.58 next. On the downside, break of 166.73 support will argue […]
16/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8517; (P) 0.8554; (R1) 0.8572; More…. EUR/GBP’s corrective fall from 0.8624 resumed by breaking through 0.8530. Intraday bias is back on the downside for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring […]
05/02/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8588; (P) 0.8634; (R1) 0.8716; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, above 0.8727 will resume the rebound from 0.8332, and target 61.8% retracement of 0.9243 to 0.8332 at 0.8995. On the downside, below 0.8550 will resume the fall from 0.8727 for 0.8487 support. In the […]