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Daily Pivots: (S1) 0.6655; (P) 0.6702; (R1) 0.6762; More… With 0.6759 minor resistance intact, further decline is expected in AUD/USD. Fall from 0.6870 short term top would target 55 D EMA (now at 0.6612). Some support could be seen there to bring rebound on first attempt. On the upside, however, break of 0.6759 minor resistance […]

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27/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0816; (P) 1.0840; (R1) 1.0856; More… Intraday bias in EUR/USD remains neutral at this point. More consolidations could be seen above 1.0801. But risk will stay on the downside as long as 55 4H EMA (now at 1.0857) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break […]
15/06/2024

EUR/AUD Weekly Outlook

EUR/AUD’s down trend resumed by breaking through 1.6211 support last week. While downside momentum is a bit unconvincing, there is no sign of bottoming yet. Initial bias is on the downside this week for 61.8% projection of 1.6679 to 1.6211 from 1.6418 at 1.6129. Firm break there will target 100% projection at 1.5950. On the […]
03/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8489; (P) 0.8513; (R1) 0.8542; More… Intraday bias in USD/CHF stays neutral at this point, and further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will resume the fall from 0.9223 and target 0.8332 low. However, considering bullish convergence condition in 4H MACD, firm break of 0.8540 will […]