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Daily Pivots: (S1) 1.6476; (P) 1.6503; (R1) 1.6529; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to 1.5963. Further rise should then be seen to retest 1.7180 next. Nevertheless, sustained break […]

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25/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6167; (P) 1.6241; (R1) 1.6295; More… Intraday bias in EUR/AUD stays mildly on the downside with 1.6315 minor resistance intact. Current fall is part of the whole decline from 1.7180 and should target 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058, which is close to 1.5996 key support level. On […]
29/11/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2597; (P) 1.2621; (R1) 1.2650; More… Intraday bias in GBP/USD stays on the upside for the moment. Current rise from 1.2036 should target 61.8% retracement of 1.3141 to 1.2036 at 1.2716. Upside could be capped there on first attempt, on loss of momentum as seen in 4H MACD. On the downside, below […]
16/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3039; (P) 1.3071; (R1) 1.3106; More… Immediate focus is now on 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) in GBP/USD as fall from 1.3433 short term top extends. Decisive break there will argue that whole rise from 1.2298 has complete,d and bring deeper fall to 61.8% retracement at […]