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Daily Pivots: (S1) 0.6600; (P) 0.6644; (R1) 0.6724; More… Intraday bias in AUD/USD remains on the upside as rebound from 0.6511 short term bottom is in progress. Sustained break of 55 D EMA (now at 0.6682) will bring stronger rebound back 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 […]

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30/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.16; (P) 157.44; (R1) 157.94; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the downside, break of 156.57 minor support will indicate short term topping, on bearish divergence condition in 4 H MACD. Intraday bias will be back on the downside for 153.59 support. Firm break there will […]
13/07/2024

GBP/USD Weekly Outlook

GBP/USD’s strong break of 1.2859 resistance last week confirmed resumption of rally from 1.2298. Initial bias stays on the upside this week. Next target is 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will turn bias neutral […]
17/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6143; (P) 1.6181; (R1) 1.6212; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Some consolidations could be seen above 1.6148. But outlook will stay bearish as long as 1.6418 resistance holds. Firm break of 61.8% projection of 1.6679 to 1.6211 from 1.6418 at 1.6129 will pave the way […]