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Daily Pivots: (S1) 1.6507; (P) 1.6538; (R1) 1.6569; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend the […]

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05/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9738; (P) 0.9794; (R1) 0.9825; More… EUR/CHF retreated notably after edging higher to 0.9847 and intraday bias is turned neutral. On the upside, above 0.9847 will resume the rally from 0.9252 to 38.2% projection of 0.9304 to 0.9818 from 0.9709 at 0.9905. However, considering bearish divergence condition in 4H MACD, break of […]
19/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6561; (P) 1.6584; (R1) 1.6597; More… EUR/AUD’s strong break of 1.6606 minor resistance indicates that corrective pullback from 1.6742 has completed at 1.6439. Intraday bias is back on the upside for retesting 1.6742 first. Firm break there will resume whole rise from 1.6127 and 1.6844 resistance next. For now, near term outlook […]
23/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9889; (P) 0.9903; (R1) 0.9923; More…. EUR/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Sustained break of 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899 will pave the way to 100% projection at 1.0106, which is slightly above 1.0095 key structural resistance. On the […]