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Daily Pivots: (S1) 0.6651; (P) 0.6682; (R1) 0.6711; More… Intraday bias in AUD/USD is turned neutral with current retreat. Some consolidations would be seen below 0.6713 temporary top first. But further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 […]

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12/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… Intraday bias in USD/JPY remains neutral at this point. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to 61.8% […]
06/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6564; (P) 0.6606; (R1) 0.6651; More… Intraday bias in AUD/USD stays on the upside for the moment. Fall from 0.6870 could have completed with three waves down to 0.6361. Further rally would be seen to 100% projection of 0.6361 to 0.6585 from 0.6464 at 0.6688 next. On the downside, below 0.6567 minor […]
30/11/2023

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9563; (P) 0.9608; (R1) 0.9632; More… EUR/CHF’s fall from 0.9683 accelerated to as low as 0.9547 so far today. The development confirms rejection by 0.9691 resistance, and dampened the case of larger bullish reversal. Intraday bias is now on the downside for 61.8% retracement level of 0.9416 to 0.9683 at 0.9518. Sustained […]