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Daily Pivots: (S1) 0.6531; (P) 0.6565; (R1) 0.6582; More… Intraday bias in AUD/USD remains on the downside as fall from 0.6689 short term top is in progress. Deeper decline would be seen to 55 D EMA (now at 0.6489). On the upside, above 0.6596 minor resistance will turn intraday bias neutral first. But risk is […]

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21/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0765; (P) 1.0777; (R1) 1.0792; More… EUR/USD’s break of 1.0804 resistance suggests short term bottoming at 1.0694, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound. Sustained above 55 D EMA (now at 1.0833) will argue that fall from 1.1138 has completed and target […]
27/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.72; (P) 170.11; (R1) 170.64; More… Intraday bias in EUR/JPY remains on the upside for 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62, and then 171.58 high. On the downside, break of 169.05 minor support will intraday bias neutral first. Further break of 167.31 should turn bias back to the […]
01/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.21; (P) 147.86; (R1) 148.88; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 148.54) will argue that corrective fall from 151.89 has completed with three waves down to 146.65. Intraday bias would be back on the upside for 149.66 […]