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Daily Pivots: (S1) 0.6203; (P) 0.6234; (R1) 0.6269; More… Intraday bias in AUD/USD remains on the downside for the moment as fall from 0.6941 is still in progress. Firm break of 0.6169 key support will confirm larger down trend resumption. Next near term target is 138.2% projection of 0.6941 to 0.6511 from 0.6687 at 0.6074. […]

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07/09/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 163.86 extended lower last week and the development suggests that rebound from 154.40 has completed at 163.86, ahead of 55 D EMA. Initial bias remains on the downside this week for retesting 154.40. Break there will resume the whole decline from 175.41 to 153.15 support. On the upside, above 160.01 support turned […]
13/11/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3918; (P) 1.3943; (R1) 1.3969; More… USD/CAD breached 1.3958 briefly but upside is capped below 1.3976 key resistance. Intraday bias stays neutral first. Further rise is is expected as long as 1.3822 support holds. On the upside, decisive break of 1.3976 key resistance will confirm larger up trend resumption. On the downside […]
15/12/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rebound from 188.07 extended higher last week and the development argues that corrective pattern from 188.07 is extending with another rising level. Initial bias is neutral this week for some consolidations below 194.98 temporary top. Above there will extend the rise to 199.79 resistance. However, break of 192.35 will turn bias back to the […]