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Daily Pivots: (S1) 0.6343; (P) 0.6386; (R1) 0.6411; More… Intraday bias in AUD/USD remains neutral as consolidation continues above 0.6336 temporary low. While another recovery cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 0.6546) holds. Break of 0.6336 will resume the fall from 0.6941 to 0.6269 support […]

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14/09/2024

EUR/AUD Weekly Outlook

EUR/AUD retreated after edging higher to 1.6629 last week. Initial bias stays neutral this week first. For now, the favored case remains that corrective fall from 1.7180 has completed at 1.6256 already. On the upside, above 1.6629 will resume the rebound for retesting 1.7180 high. However, firm break of 1.6457 minor support will dampen this […]
28/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.31; (P) 142.08; (R1) 142.61; More… USD/JPY’s break of 140.94 indicates resumption of fall from 151.89. Intraday bias is now on the downside. Next target is 136.63. fibonacci level. On the upside, above 142.84 minor resistance will turn intraday bias neutral gain. But recovery should be limited below 144.94 resistance to bring […]
12/10/2024

EUR/AUD Weekly Outlook

EUR/AUD rose to 1.6351 last week but subsequent break of 55 4H EMA suggest that the recovery has completed. Initial bias is back on the downside this week for retesting 1.6002 low. On the upside, though, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452. In the bigger […]