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Daily Pivots: (S1) 162.04; (P) 162.62; (R1) 163.32; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, break of 163.47 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 158.09 will bring deeper fall back to 154.40/155.14 support zone […]

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05/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0853; (R1) 1.0870; More… Intraday bias in EUR/USD remains neutral at this point, and outlook is unchanged. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back […]
09/12/2023

EUR/CHF Weekly Outlook

EUR/CHF fell further to 0.9402 last week but recovered after breaching 0.9407 support briefly. Initial bias remains neutral this week for some consolidations first. But further fall is expected as long as 0.9543 resistance holds. Decisive break of 0.9407 will resume larger down trend. In the bigger picture, medium term outlook remains bearish as long […]
29/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6635; (P) 0.6657; (R1) 0.6672; More… Intraday bias in AUD/USD remains neutral as range trading continues below 0.6713. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance […]