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Daily Pivots: (S1) 1.6167; (P) 1.6241; (R1) 1.6295; More… Intraday bias in EUR/AUD stays mildly on the downside with 1.6315 minor resistance intact. Current fall is part of the whole decline from 1.7180 and should target 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058, which is close to 1.5996 key support level. On […]

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06/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3659; (P) 1.3700; (R1) 1.3736; More…. USD/CAD is still stuck in range after failing to break through 1.3742 resistance. Intraday bias remains neutral for the moment and outlook is unchanged. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will […]
11/07/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 174.50; (P) 174.83; (R1) 175.45; More… EUR/JPY’s strong break of 173.50 support suggests that a short term top was formed at 175.41, on bearish divergence condition in 4H MACD. But there is no clear sign of trend reversal yet. While deeper pullback cannot be ruled out, downside could be contained by 170.87 […]
27/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8840; (P) 0.8868; (R1) 0.8892; More… USD/CHF dips lower today but stays above 0.8800 support so far. Intraday bias remains neutral and further rise is in favor. Break of 0.8956 will resume the rally from 0.8374, and target 0.9223 key resistance next. However, firm break of 0.8800 will confirm short term topping […]