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Daily Pivots: (S1) 1.6212; (P) 1.6283; (R1) 1.6345; More… EUR/AUD’s rebound from 1.6002 short term bottom is expected to continue to 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there will strengthen the case that whole corrective fall from 1.7180 has completed with three waves down to 1.6002. Further rally should then be seen […]

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EUR/USD Daily Outlook

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22/06/2024

EUR/AUD Weekly Outlook

EUR/AUD’s down trend continued last week but it recovered after hitting 1.6026. Initial bias is neutral this week for some consolidations first. Upside should be limited by 1.6211 support turned resistance to bring another fall. Below 1.6026 will turn bias back to the downside for 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. […]
18/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8604; (P) 0.8645; (R1) 0.8684; More…. Focus stays on 0.8665 support turned resistance as rebound in USD/CHF. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless, break of 0.8565 minor support will turn intraday bias back to the downside for retesting 0.8332 […]
04/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.20; (P) 147.27; (R1) 147.88; More… Intraday bias in USD/JPY stays on the downside at this point. Fall from 151.89 is in progress and should target 145.06 key support level. On the upside, break of 148.50 resistance is needed to indicate short term bottoming. Otherwise, further decline with remain in favor in […]