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Daily Pivots: (S1) 0.6356; (P) 0.6407; (R1) 0.6441; More… A temporary low should be in place at 0.6371 with today’s rebound and intraday bias is turned neutral first. Some consolidations would be seen but further decline is expected as long as 0.6511 support turned resistance holds. On the downside, below 0.6371 will resume the fall […]

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22/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6250; (P) 1.6270; (R1) 1.6308; More… Intraday bias in EUR/AUD is back on the upside as rebound from 1.5996 resumed after brief retreat. Current development suggest that 1.0762 has completed with three waves down to 1.6000 fibonacci support. Further rise should be seen to 1.6418 resistance first. Firm break there will solidify […]
07/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.11; (P) 192.89; (R1) 194.11; More.. Intraday bias in GBP/JPY remains neutral at this point. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will resume the correction from 200.53. Sustained trading below 55 D EMA […]
05/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8678; (P) 0.8717; (R1) 0.8766; More…. USD/CHF is staying in consolidation from 0.8665 and intraday bias stays neutral. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is close […]