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Daily Pivots: (S1) 1.0911; (P) 1.0929; (R1) 1.0944; More… EUR/USD’s retreat from 1.0980 extends slightly lower today but intraday bias stays neutral first. Further rise would remain in favor as long as 1.0797 support holds. Fall from 1.1138 could have completed at 1.0694, as a correction to rise from 1.0447. Above 1.0980 will resume the […]

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21/07/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6798 short term top extended lower last week. Initial bias stays on the downside this week for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong rebound would be seen there to bring rebound. On the upside, above 0.6754 minor resistance will turn bias back to the upside for retesting 0.6798. In […]
13/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.56; (P) 157.04; (R1) 157.55; More…. Intraday bias in EUR/JPY remains neutral and further decline is expected as long as 160.01 support turned resistance holds. Below 155.45 will bring retest of 154.40 low. Firm break there will resume whole decline from 175.41 to 153.15 support. In the bigger picture, price actions from […]
29/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8812; (P) 0.8828; (R1) 0.8853; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8776 temporary low. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break […]