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Daily Pivots: (S1) 1.6454; (P) 1.6484; (R1) 1.6536; More… EUR/AUD’s break of 1.6398 minor support argues that rebound from 1.6127 has completed at 1.6671, after rejection by falling channel resistance. Corrective pattern from 1.7062 is possibly still extending, and has just started another leg. Intraday bias is back on the downside for retesting 1.6127 low. […]

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EUR/USD Mid-Day Outlook

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01/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.68; (P) 161.31; (R1) 162.02; More…. EUR/JPY recovered after hitting 100% projection of 164.29 tot 161.22 from 163.77 at 160.63. Intraday bias is turned neutral first. While further decline cannot be ruled out, downside should be contained by 159.75 key support to complete the correction from 164.29. Meanwhile, break of 162.24 minor […]
13/04/2024

AUD/USD Weekly Report

AUD/USD’s steep decline last week suggests that consolidation from 0.6442 has completed at 0.6643 already. Initial bias stays on the downside this week. Firm break of 1.6442 will confirm resumption of the fall from 0.6870 and target 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. On the upside, above 0.6498 resistance will turn […]
19/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3470; (P) 1.3498; (R1) 1.3515; More… Intraday bias in USD/CAD remains neutral as consolidation continues below 1.3540 temporary top. Further rally is expected as long as 1.3342 support holds. Above 1.3540 will resume the rise from 1.3176 to 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 at 1.3622). Decisive break there […]