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Daily Pivots: (S1) 1.6384; (P) 1.6407; (R1) 1.6428; More… EUR/AUD’s correction from 1.0762 has possibly completed with three waves down to 1.5996, after hitting 1.6000 fibonacci support. Break of 1.6148 resistance affirms this case. Intraday bias stays on the upside for 1.6742 resistance next. On the downside, below 1.6384 minor support will turn intraday bias […]

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EUR/USD Mid-Day Outlook

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14/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2526; (P) 1.2547; (R1) 1.2581; More… GBP/USD is staying in range below 1.2633 and intraday bias remains neutral. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will indicate that […]
16/12/2023

GBP/USD Weekly Outlook

GBP/USD’s rise from 1.2036 resumed last week and edged higher to 1.2793. But with subsequent retreat, initial bias stays neutral this week for consolidations first. Outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume the rally to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at […]
09/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6238; (P) 1.6320; (R1) 1.6377; More… Further rally remains mildly in favor in EUR/AUD, as rebound from 1.6127 short term bottom would target 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume the corrective fall […]