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Daily Pivots: (S1) 0.8293; (P) 0.8320; (R1) 0.8340; More… EUR/GBP is still staying in range above 0.8295 after repeated rejection by 55 4H EMA and intraday bias remains neutral. Outlook stays bearish with 0.8433 resistance intact. On the downside, break of 0.8294 will resume larger down trend to 0.8201 key support next. Strong support could […]

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11/05/2024

AUD/USD Weekly Report

AUD/USD turned into consolidation below 0.6645 last week. Initial bias stays neutral this week first, and more sideway trading could be seen. Further rise is in favor as long as 55 4H EMA (now at 0.6575) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA […]
15/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0886; (P) 1.0911; (R1) 1.0935; More…. EUR/USD’s fall from 1.1213 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, […]
12/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… Intraday bias in USD/JPY stays neutral for the moment. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor support will turn bias to the downside for 141.67. Break there […]