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Daily Pivots: (S1) 1.6459; (P) 1.6501; (R1) 1.6561; More… EUR/AUD’s rally from 1.6002 resumed after brief consolidations. Intraday bias is back on the upside for 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. Sustained trading above there will pave the way to retest 1.7180 high. On the downside, below 1.6439 minor support will turn […]

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29/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.50; (P) 141.16; (R1) 142.08; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 151.89 would target 136.63 fibonacci level. On the upside, above 142.84 minor resistance will turn intraday bias neutral gain. But recovery should be limited below 144.94 resistance to bring another decline. In […]
31/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2919; (P) 1.2981; (R1) 1.3025; More… GBP/USD is still bounded in consolidation above 1.2906 and intraday bias remains neutral. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break […]
11/11/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9360; (P) 0.9393; (R1) 0.9420; More…. Intraday bias in EUR/CHF remains neutral as it’s staying inside converging triangle. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there will bring retest of 0.9209 low. On the upside, break of 0.9444 will bring stronger rally to 0.9506 resistance next. […]