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Daily Pivots: (S1) 0.8556; (P) 0.8570; (R1) 0.8585; More…. Intraday bias in EUR/GBP is turned neutral as a temporary low is formed at 0.8552. Some consolidations could be seen and stronger recovery cannot be ruled out. But upside should be limited by 0.8648 support turned resistance to bring another fall. Below 0.8552 will target 0.8491 […]

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EUR/AUD Daily Outlook

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18/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6742; (P) 0.6755; (R1) 0.6770; More… Intraday bias in AUD/USD stays neutral for the moment. On the upside, decisive break of 0.6766 resistance should confirm that corrective pullback from 0.6823 has completed at 0.6621 already. Intraday bias will be turned to the upside to resume the rally from 0.6348 through 0.6823, and […]
25/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.34; (P) 148.02; (R1) 149.05; More… USD/JPY’s retreat from 148.79 extends lower today but stays well above 145.97 resistance turned support. Intraday bias remains neutral at this point, and further rally remains in favor. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from […]
21/07/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rebound from 1.5996 extended higher last week and broke through 55 D EMA (now at 1.6216). The development is taken as the first sign that whole correction from 1.0762 has completed with three waves down to 1.6000 fibonacci support. Further rise is expected this week as long as 1.6171 minor support holds, to 1.6148 […]