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Daily Pivots: (S1) 1.0843; (P) 1.0866; (R1) 1.0879; More…. Intraday bias in EUR/USD stays neutral as sideway trading continues. More consolidations could still be seen. On the upside, break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance […]

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02/12/2023

AUD/USD Weekly Report

AUD/USD’s rebound from 0.6269 continued last week, and late breach of 0.6674 temporary top suggests that it’s resuming after brief retreat. Initial bias is back on the upside this week. Sustained break break of channel resistance (now at 0.6661) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further […]
17/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6714; (P) 0.6734; (R1) 0.6771; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. On the upside, break of 0.6766 resistance should confirm that corrective pullback from 0.6823 has completed at 0.6621 already. Retest of 0.6823 should be seen next. On the downside, however, sustained break of 38.2% retracement of […]
06/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.69; (P) 169.36; (R1) 170.35; More…. Intraday bias in EUR/JPY remains neutral for the moment. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will now stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there will target 164.01 support […]