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Daily Pivots: (S1) 1.6194; (P) 1.6247; (R1) 1.6279; More… Intraday bias in EUR/AUD stays neutral at this point. Another rise is in favor as long as 55 4H EMA (now at 1.6218) holds. Above 1.6351 will resume the rebound from 1.6002 short term bottom to 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there […]

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15/06/2024

EUR/JPY Weekly Outlook

EUR/JPY engaged in sideway trading most of last week but late break of 168.01 support is inline with the case that rise from 164.01 has completed already. Initial bias is back on the downside this week. Sustained trading below 55 D EMA (now at 167.41) will extend the fall from 170.87, as the third leg […]
28/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3425; (P) 1.3462; (R1) 1.3480; More… USD/CAD’s decline from 1.3946 is still in progress today and intraday bias remains on the downside. Deeper fall would be seen to 1.3176 support next. On the upside, above 1.3514 minor resistance will turn intraday bias neutral first. But outlook will now stay bearish as long […]
29/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.24; (P) 190.85; (R1) 191.33; More… GBP/JPY is still bounded in consolidation below 191.99 and intraday bias remains neutral for the moment. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm […]