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Daily Pivots: (S1) 1.6234; (P) 1.6319; (R1) 1.6379; More… EUR/AUD’s fall from 1.7180 is in progress and intraday bias stays on the downside for 1.5996 support. Strong support could be seen there to bring rebound. On the upside, above 1.6117 minor resistance will turn intraday bias remains neutral first. In the bigger picture, outlook is […]

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09/03/2024

EUR/CHF Weekly Outlook

EUR/CHF edged higher to 0.9630 last week but turned sideway since then. Initial bias remains neutral this week first. As long as 0.9510 support holds, further rally is still expected. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. […]
13/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.38; (P) 155.65; (R1) 156.02; More… Further rise is mildly in favor in USD/JPY despite loss of upside momentum as seen in 4H MACD. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, could extend towards 157.98 resistance. On the downside, break of 154.23 will suggest that the […]
07/01/2024

EUR/GBP Weekly Outlook

EUR/GBP’s decline last week suggests that rebound from 0.8548 has completed at 0.8713 already. Initial bias stays mildly on the downside this week for 0.8548 support first. Firm break there will target 0.8491 low next. On the upside, above 0.8638 minor resistance will turn intraday bias neutral first. But risk will stay on the downside […]