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Daily Pivots: (S1) 0.6580; (P) 0.6602; (R1) 0.6643; More… AUD/USD’s rebound extends to as high as 0.6629 so far today, breaking 38.2% retracement of 0.6877 to 0.6442 at 0.6605. Current upside acceleration as seen in 4H MACD indicates that further rally is underway. Intraday bias stays on the upside for 61.8% retracement at 0.6707 next. […]

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GBP/JPY Daily Outlook

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13/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6494; (P) 1.6528; (R1) 1.6573; More… Intraday bias in EUR/AUD remains neutral as range trading continues. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend […]
16/12/2023

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9111 continued last week and edged lower to 0.8629 last week. Nevertheless, with subsequent recovery, initial bias is neutral this week for consolidations first. Break of 0.8629 will resume the decline to retest 0.8551 key support level. However, break of 0.8819 will turn bias back to the upside for stronger rebound. In […]
21/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.66; (P) 195.35; (R1) 195.95; More… Intraday bias in GBP/JPY remains neutral as sideway trading continues. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support […]