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Daily Pivots: (S1) 1.6272; (P) 1.6346; (R1) 1.6485; More.. Intraday bias in EUR/AUD is turned neutral with current recovery. But outlook remains bearish with 1.6478 resistance intact. Break of 1.6206 will resume larger decline from 1.7062. Next target is 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. In the bigger picture, fall from […]

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04/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3496; (P) 1.3543; (R1) 1.3573; More… Range trading continues in USD/CAD and intraday bias stays neutral at this point. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. […]
28/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6771; (P) 0.6784; (R1) 0.6805; More… AUD/USD edges higher as rise from 0.6348 continues today. Intraday bias stays on the upside despite some loss of momentum as seen in 4H MACD. Next target is 0.6870. Firm break there will target 100% projection of 0.6269 to 0.6870 from 0.6348 at 0.6949. Near term […]
02/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0771; More…. Outlook in EUR/USD is unchanged and intraday bias stays neutral. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should be seen back to 1.0915 resistance. However, break of 1.0665 will resume larger down trend […]