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AUD/USD’s decline last week indicates short term topping at 0.6870, on bearish divergence condition in 4H MACD. Further decline will remain mildly in favor as long as 0.6759 minor resistance holds, to 55 D EMA (now at 0.6612). Nevertheless, break of 0.6759 will turn bias back to the upside for retesting 0.6870 instead. In the […]

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25/03/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation in range of 1.6439/6742 last week and outlook is unchanged. Initial bias remains neutral this week first. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 […]
15/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.03; (P) 158.24; (R1) 159.12; More… Fall from 161.94 is seen as correcting the whole five-wave rally from 140.25. Deeper decline is in favor and sustained trading below 55 D EMA (now at 157.67) will affirm this bearish case. Next target will be 38.2% retracement of 140.25 to 161.94 at 163.65. Nevertheless, […]
09/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2624; (P) 1.2644; (R1) 1.2675; More… Intraday bias in GBP/USD is back on the upside with break of 1.2682. Rebound from 1.2538 would target 1.2802 resistance first. On the downside, though, below 1.2648 minor support will turn intraday bias neutral again. In the bigger picture, price actions from 1.3141 medium term top […]