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Daily Pivots: (S1) 1.0321; (P) 1.0389; (R1) 1.0429; More… EUR/USD’s sideway trading continues above 1.0330 and intraday bias remains neutral. Stronger recovery cannot be ruled out, but outlook will remain bearish as long as 1.0629 resistance holds. Firm break of 1.0330 will confirm resumption of whole decline from 1.1213. Sustained trading below 1.0404 fibonacci level […]

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19/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6389; (P) 1.6433; (R1) 1.6481; More… Intraday bias in EUR/AUD stays on the downside for 1.6256 support first. Firm break there will resume whole fall from 1.7180 to 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058. For now, risk will be on the downside as long as 1.6629 resistance holds, […]
28/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.31; (P) 142.08; (R1) 142.61; More… Intraday bias in USD/JPY remains neutral despite today’s decline. Sideway trading could still continue in range above 140.94. But in case of another recovery, upside should be limited by 144.94 resistance. On the downside, firm break of 140.94 will resume the whole fall from 151.89. Next […]
17/08/2024

EUR/CHF Weekly Outlook

EUR/CHF’s rebound from 0.9209 extended to as high as 0.9579 last week before retreating. Initial bias is turned neutral this week first for some consolidations. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9593) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive […]