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Daily Pivots: (S1) 0.6573; (P) 0.6592; (R1) 0.6623; More… AUD/USD’s rise from 0.6480 resumed by breaking through 0.6618 resistance and intraday bias is back on the upside. Current development affirms that case pattern from 0.6442 is now in is third leg. Further rise would be seen to 0.6666 and then 100% projection of 0.6442 to […]

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14/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… Intraday bias in USD/JPY stays mildly on the upside at this point. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside, break of 155.25 minor support will suggest that the third leg has […]
30/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0803; (P) 1.0827; (R1) 1.0858; More… No change in EUR/USD’s outlook. Further decline is expected with 1.0931 resistance intact. Fall from 1.1138 should target 1.0722 support next. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. However, on the upside, break of 1.0931 will turn […]
30/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6776; (P) 0.6800; (R1) 0.6822; More… AUD//USD continues to lose upside moment as seen in 4H MACD, but there is no clear sign of topping yet. Further rally is expected as long as 06696 support holds. Current rally should target 0.6870 resistance. Firm break there will target 100% projection of 0.6269 to […]