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Daily Pivots: (S1) 0.6437; (P) 0.6472; (R1) 0.6511; More… Intraday bias in AUD/USD remains neutral and more sideway consolidations could be seen. Further decline is expected as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume the fall from 0.6941 to […]

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EUR/USD Mid-Day Outlook

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21/11/2024

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More… EUR/AUD’s fall from 1.6598 resumed by breaking through 1.6161, and intraday bias is back on the downside. Deeper decline should be seen to 1.5996/6002 key support zone. Decisive break there will carry larger bearish implications. For now, risk will stay on the downside as long as […]
15/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Break of 1.3652 resistance suggests that a short term bottom was formed at 1.3588, after hitting 1.3589 support. Intraday bias is back on the upside for 13790 resistance. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 to 100% projection of […]
18/12/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6504; (P) 1.6542; (R1) 1.6597; More… EUR/AUD’s rally resumed and the break of 1.6598 resistance confirms that fall from 1.7180 has completed with three waves down to 1.5963. Intraday bias is back on the upside. Further rally should be seen to retest 1.7180 high. On the downside, below 1.6485 minor support will […]