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EUR/AUD’s rally from 1.5963 extend further to 1.6573 last week but failed to break through 1.6598 resistance and turned sideway. Initial bias remains neutral this week first, and further rally is in favor. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to […]

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EUR/USD Weekly Outlook

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27/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6626; (P) 0.6658; (R1) 0.6679; More… No change in AUD/USD’s outlook as consolidation from 0.6713 is still extending. Intraday bias remains neutral at this point. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume […]
15/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0599; (P) 1.0665; (R1) 1.0708; More… No change in EUR/USD’s outlook and intraday bias stays on the downside. Current fall is part of the decline from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0723 support turned resistance will turn intraday […]
17/03/2024

GBP/USD Weekly Outlook

GBP/USD’s decline last week indicates short term topping at 1.2892. Initial bias remains mildly on the downside this week for 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor resistance holds, in case […]