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EUR/AUD’s last break of 1.6351 resistance last week suggests that rebound from 1.6002 is resuming. Initial bias is now on the upside this week for 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there should confirm that whole fall from 1.7180 has completed with three waves down to 1.6002, after being supported by 1.5996. […]

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23/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0805; (P) 1.0834; (R1) 1.0852; More… EUR/USD recovers ahead of 1.0810 resistance turned support. Intraday bias stays neutral at this point. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at 1.0601 already. However, […]
07/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8485; (P) 0.8529; (R1) 0.8556; More… USD/CHF’s recovery from 0.8431 extends higher today but upside is still limited well below 0.8711 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 0.8500 will bring retest of 0.8431 first. Break there will resume the decline from 0.9223 to […]
08/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.82; (P) 161.82; (R1) 163.07; More… EUR/JPY recovered after dipping to 160.54 and intraday bias is turned neutral first. On the downside, below 160.54 will resume the fall from 163.70 to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise […]