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Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s fall from 1.0947 resumed by breaking through 1.0797 temporary low and intraday bias is back on the downside. Current development suggest that rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should be seen to 1.0665 support next. For now, risk […]

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08/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.63; (P) 144.80; (R1) 145.80; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back […]
21/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6186; (P) 1.6223; (R1) 1.6297; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. On the upside, break of 1.6319 resistance will now indicate short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be back on the upside for 1.6478 resistance. Nevertheless, on the downside, […]
22/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2636; (P) 1.2666; (R1) 1.2720; More… GBP/USD is still bounded in range below 1.2793 and intraday bias remains neutral at this point. Further rally is still expected as long as 1.2499 support holds. . On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection […]