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Daily Pivots: (S1) 162.73; (P) 164.07; (R1) 164.94; More…. Intraday bias in EUR/JPY stays on the downside at this point. Fall from 166.67 short term topic could extend lower. Sustained trading below 55 D EMA (now at 163.31) will argue that whole corrective rise from 154.40 has completed with three waves up to 166.67. Deeper […]

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EUR/GBP Daily Outlook

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31/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2815; (P) 1.2841; (R1) 1.2863; More… Further decline is expected in GBP/USD as long as 1.2936 resistance holds. Decisive break of 55 D EMA (now at 1.2781) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would be seen to 1.2612 support and below. On […]
01/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9162; (R1) 0.9231; More…. Intraday bias in USD/CHF remains on the upside for 0.9243 resistance. Decisive break there will carry larger bullish implications. Next target will be 61.8% projection of 0.8728 to 0.9151 from 0.9009 at 0.9270. For now, near term outlook will stay bullish as long as 0.9087 support […]
27/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6551; (P) 1.6572; (R1) 1.6599; More… Intraday bias in EUR/AUD stays neutral first as range trading continues. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance […]