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Daily Pivots: (S1) 1.0809; (P) 1.0857; (R1) 1.0883; More… EUR/USD stays below 1.0904 temporary top despite today’s rebound, intraday bias remains neutral first. On the upside, break of 1.0904 will resume the rebound from 1.0760 short term bottom to 55 D EMA (now at 1.0941). On the downside, sustained break of 61.8% retracement of 1.0447 […]

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05/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6708; (P) 0.6720; (R1) 0.6738; More… AUD/USD’s rally is in progress and intraday bias stays on the upside. Current rise from 0.6361 should target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837 next. On the downside, below 0.6699 minor support will turn intraday bias neutral first. But, near term outlook […]
08/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6235; (P) 1.6283; (R1) 1.6348; More… Intraday bias in EUR/AUD remains neutral for the moment, and some more consolidations could be seen above 1.6216. Further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 […]
09/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8954; (P) 0.8966; (R1) 0.8987; More… Intraday bias in USD/CHF is turned neutral with current recovery. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term bullishness and […]