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Daily Pivots: (S1) 1.6046; (P) 1.6081; (R1) 1.6135; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Some more consolidations could be seen first, but outlook will stay bearish as long as 1.6211 resistance holds. Below 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there […]

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29/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8413; (P) 0.8427; (R1) 0.8445; More…. Intraday bias in EUR/GBP remains on the downside as fall from 0.8624 is in progress for retesting 0.8382 low. Strong support could be seen from there to bring rebound on first attempt. Above 0.8474 minor resistance will turn intraday bias neutral first. But risk will stay […]
18/01/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9351; (P) 0.9370; (R1) 0.9389; More… Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 0.9252 short term bottom is in progress for 55 D EMA (now at 0.9448). Sustained break there will target 38.2% retracement of 1.0095 to 0.9252 at 0.9574. On the downside, though, break of […]
14/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3453; (P) 1.3476; (R1) 1.3494; More… No change in USD/CAD’s outlook and intraday bias stays neutral. On the downside, break of 1.3419 and sustained trading below 1.3439 support will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish for 1.3357 support […]