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Daily Pivots: (S1) 0.6341; (P) 0.6365; (R1) 0.6393; More… Intraday bias in AUD/USD is turned neutral again with current recovery. Some consolidations would be seen above 0.6336 temporary low. But outlook will stay bearish as long as 55 D EMA (now at 0.6554) holds. Break of 0.6336 will resume the fall from 0.6941 to 0.6269 […]

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31/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8810; (P) 0.8843; (R1) 0.8860; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8776 is still in progress. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. […]
30/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.19; (P) 160.02; (R1) 160.61; More… EUR/JPY is extending the consolidation from 161.84 and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 160.91 minor resistance will argue that rise from 153.15 is […]
26/10/2024

EUR/AUD Weekly Outlook

EUR/AUD’s last break of 1.6351 resistance last week suggests that rebound from 1.6002 is resuming. Initial bias is now on the upside this week for 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there should confirm that whole fall from 1.7180 has completed with three waves down to 1.6002, after being supported by 1.5996. […]