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EUR/AUD’s rebound last week indicates short term bottoming at 1.6127, on bullish convergence condition in 4H MACD. Initial bias is mildly on the upside this week for 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume the corrective […]

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14/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Intraday bias in USD/CHF stays neutral and outlook remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor support will bring retest of 0.8431 first. Break there will resume the fall from 0.9223 to 0.8332 low. Nevertheless, firm […]
27/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.83; (P) 156.99; (R1) 157.16; More… Intraday bias in USD/JPY remains mildly on the upside for 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, below 155.83 minor support will turn intraday bias neutral first. Further break of 153.69 will target 151.86 and below as the third leg […]
03/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.21; (P) 190.46; (R1) 190.88; More….. Further decline is expected in GBP/JPY with 191.65 minor resistance holds. Fall from 193.51 would target 187.94 structural support. On the upside, break of 191.65 minor resistance will turn bias back to the upside for retesting 193.51. In the bigger picture, current rally is part of […]