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Daily Pivots: (S1) 0.6172; (P) 0.6196; (R1) 0.6219; More… Intraday bias in AUD/USD remains neutral at this point, and further decline is expected as long as 0.6301 resistance holds. Firm break of 0.6169 key support will confirm larger down trend resumption. Nevertheless, break of 0.6301 resistance will turn bias back to the upside for stronger […]

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21/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6691; (P) 0.6706; (R1) 0.6720; More… AUD/USD is staying in range above 0.6657 temporary low and intraday bias remains neutral. More consolidations could be seen, but further decline is expected as long as 0.6758 resistance holds. Below 06657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of […]
20/04/2024

EUR/GBP Weekly Outlook

EUR/GBP rose strongly late last week and broke through 0.8601 resistance. The development argues that fall from 0.8764 has probably completed. Initial bias is now on the upside this week for medium term trend line resistance (now at 0.8650). On the downside, below 0.8571 minor resistance will turn intraday bias neutral again first. In the […]
05/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2842. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]