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Daily Pivots: (S1) 1.0463; (P) 1.0493; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias stays neutral first. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0678) holds. On the downside, below 1.0452 will bring retest of 1.0330 low. In the […]

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22/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2557; (P) 1.2609; (R1) 1.2641; More… GBP/USD’s fall from 1.3433 resumed by breaking through 1.2596 and intraday bias is back on the downside. Deeper fall should be seen to 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. For now, risk will stay on the downside as long as 1.2713 resistance […]
19/10/2024

EUR/JPY Weekly Outlook

EUR/JPY edged higher last week but failed to break through 163.86 resistance. Initial bias remains neutral this week first. On the upside, firm break of 163.86 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 161.00 minor support will turn bias back to […]
13/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6581; (P) 0.6610; (R1) 0.6635; More… Intraday bias in AUD/USD stays neutral at this point. Another rise will be mildly in favor as long as 55 4H EMA (now at 0.6577) holds. Above 0.6666 will resume the rebound from 0.6442 to 61.8% retracement of 0.6877 to 0.6442 at 0.6707 next. Sustained trading […]