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Daily Pivots: (S1) 1.6217; (P) 1.6277; (R1) 1.6318; More… EUR/AUD’s break of 1.6211 support confirms resumption of decline from 1.6742, as the third leg of the correction from 1.7062. Intraday bias is now on the downside for 61.8% projection of 1.6679 to 1.6211 from 1.6418 at 1.6129 first. Firm break there will target 100% projection […]

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23/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6275; (P) 1.6324; (R1) 1.6398; More… Intraday bias in EUR/AUD remains neutral at this point. On the upside, firm break of 1.6381 resistance will confirm short term bottoming at 1.6211. Intraday bias will be back on the upside for 55 D EMA (now at 1.6411) and above. On the downside, break of […]
14/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9010) will bring deeper fall to 38.2% retracement of […]
16/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 155.38; (P) 156.26; (R1) 156.90; More…. Intraday bias in EUR/JPY is back on the downside with breach of 155.45 temporary low. Fall from 163.86 is resuming to retest 154.40 low. Firm break there will resume whole decline from 1785.41 to 153.15 support, and possibly further to 152.11 fibonacci level. On the upside, […]