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Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there will resume the fall from 175.41 to 153.15 support […]

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03/02/2024

EUR/AUD Weekly Outlook

EUR/AUD’s pull back from 1.6671 extended to as low as 1.6348 last week but rebounded since then. Initial bias remains neutral this week first. 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 […]
09/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8575; (P) 0.8580; (R1) 0.8587; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]
20/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3309; (P) 1.3356; (R1) 1.3381; More… Intraday bias in USD/CAD stays on the downside for the moment. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the upside above 1.3408 minor resistance will turn intraday bias neutral again. But risk will stay on the downside […]