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Daily Pivots: (S1) 1.6419; (P) 1.6475; (R1) 1.6520; More… Intraday bias in EUR/AUD remains neutral for the moment. As long as 1.6351 resistance turned support holds, further rally is still expected. On the upside, above 1.6598 will resume the rise from 1.6002 short term bottom to 61.8% retracement of 1.7180 to 1.6002 at 1.6730 next. […]

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06/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More… Range trading continues in EUR/USD and intraday bias stays neutral at this point. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break […]
13/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3562; (P) 1.3584; (R1) 1.3602; More… Intraday bias in USD/CAD remains neutral first and further decline is in favor. On the downside, below 1.3545 minor support will bring retest of 1.3439 low first. However, firm break of 1.3617 will turn bias back to the upside for stronger rebound instead. In the bigger […]
24/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6048; (P) 1.6081; (R1) 1.6134; More… Intraday bias in EUR/AUD stays neutral and consolidation from 1.6026 could extend. But upside should be limited by 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 […]