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Daily Pivots: (S1) 1.6185; (P) 1.6232; (R1) 1.6264; More… Intraday bias in EUR/AUD remains mildly on the downside for the moment. Rebound from 1.6002 could have completed at 1.6351. Deeper fall would be seen back to retest 1.6002 low. On the upside, though, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 […]

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04/11/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6545; (P) 0.6568; (R1) 0.6583; More… AUD/USD recovers further today as consolidation from 0.6536 continues. Intraday bias stays neutral at this point, and further decline remains expected as long as 55 D EMA (now at 0.6692) holds. On the downside, sustained break of 0.61.8% retracement of 0.6269 to 0.6941 at 0.6526 will […]
04/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 155.52; (P) 156.15; (R1) 157.15; More… Range trading continues in EUR/JPY and intraday bias remains neutral. On the upside, above 158.55 will resume the corrective rebound from 153.15. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. In the bigger […]
09/12/2023

EUR/JPY Weekly Outlook

EUR/JPY’s decline from 164.29 accelerated to as low as 153.15 last week, but recovered after breaching 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). Initial bias is turned neutral this week for consolidations first. Upside of recovery should be limited below 158.36 minor resistance to bring another fall. Sustained trading below 154.32 […]