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Daily Pivots: (S1) 1.6235; (P) 1.6283; (R1) 1.6348; More… Intraday bias in EUR/AUD remains neutral for the moment, and some more consolidations could be seen above 1.6216. Further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 […]

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12/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6165; (P) 1.6226; (R1) 1.6267; More… Intraday bias in EUR/AUD stays neutral at this point. For now, risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound. On the downside, break of 1.6161 will resume the decline from 1.6590 to target a test on 1.5996/6002 […]
27/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.63; (P) 192.85; (R1) 193.67; More… GBP/JPY’s fall from 199.79 continues today and intraday bias stays on the downside. As noted before, corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper decline would be seen to 183.70 support next. On the upside, above 194.60 minor resistance will […]
18/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8665; (P) 0.8689; (R1) 0.8726; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8629 is in progress. Outlook remains bearish with 0.8819 resistance intact. On the downside, break of 0.8629 will resume larger fall from 0.9243 to retest 0.8551 key support next. On the upside, however, firm break of 0.8819 […]