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EUR/AUD’s consolidation from 1.6800 extended last week and outlook is unchanged. Initial bias stays neutral this week first. For now, strong support is still expected from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 to contain downside. On the upside, firm break of 1.6800 will resume the rally from 1.5963. However, sustained break of 1.6480 […]

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11/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.86; (P) 142.79; (R1) 143.37; More… Intraday bias in USD/JPY stays on the downside for the moment. Deeper decline would be seen to 140.25 support, and possibly further to 139.26 fibonacci level too. On the upside, above 143.70 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as […]
27/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8568; (P) 0.8578; (R1) 0.8588; More… Intraday bias in EUR/GBP stays neutral at this point, and further rise is in favor with 0.8529 support intact. Rebound from 0.8497 is seen as at least correcting the fall from 0.8764. Above 0.8601 will target 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. […]
07/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6551; (P) 1.6630; (R1) 1.6683; More… EUR/AUD’s deeper decline from 1.6742 and break of 1.6578 minor support mixes up the near term outlook. Intraday bias is back on the downside for 1.6450 support first. Decisive break there will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742, […]