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Daily Pivots: (S1) 0.8609; (P) 0.8630; (R1) 0.8645; More…. Intraday bias in EUR/GBP remains on the downside at this point. As noted before, corrective rebound from 0.8491 could have completed at 0.8764 already. Decisive break of 0.8614 support will target a retest on 0.8491 low. On the upside, above 0.8661 minor resistance will turn intraday […]

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13/01/2024

EUR/JPY Weekly Outlook

EUR/JPY roses further to 160.17 last week but retreated ahead of 100% projection of 153.15 to 158.55 from 155.06 at 160.46. Initial bias remains neutral this week first. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 160.46 will pave the way to 161.8% projection at 163.79. However, […]
30/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6776; (P) 0.6800; (R1) 0.6822; More… AUD//USD continues to lose upside moment as seen in 4H MACD, but there is no clear sign of topping yet. Further rally is expected as long as 06696 support holds. Current rally should target 0.6870 resistance. Firm break there will target 100% projection of 0.6269 to […]
09/03/2024

USD/CHF Weekly Outlook

USD/CHF fell to 0.8728 last week but recovered to close above 0.8741 support. Initial bias remains neutral this week first. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term […]