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Daily Pivots: (S1) 0.9525; (P) 0.9552; (R1) 0.9578; More…. Intraday bias in EUR/CHF remains neutral for consolidations below 0.9579 temporary top. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9590) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will […]

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21/07/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.3043 last week but retreated since then. Initial bias remains neutral this week for consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which […]
06/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6531; (P) 1.6566; (R1) 1.6607; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for confirmation. Nevertheless, […]
07/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6531; (P) 0.6565; (R1) 0.6582; More… Intraday bias in AUD/USD remains on the downside as fall from 0.6689 short term top is in progress. Deeper decline would be seen to 55 D EMA (now at 0.6489). On the upside, above 0.6596 minor resistance will turn intraday bias neutral first. But risk is […]