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EUR/USD’s fall from 1.0980 continued last week and the strong break of 55 D EMA suggest that rebound from 1.0694 has completed. Initial bias stays on the downside for retesting 1.0694 first. Break there will resume the decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, […]

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26/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… No change in USD/CHF’s outlook and intraday bias stays on the downside. Fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, risk will stay on the downside as long as 0.8923 resistance holds, in case of recovery. In […]
25/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2647; (P) 1.2672; (R1) 1.2712; More… Intraday bias in GBP/USD remains neutral for the moment. Further decline is expected as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. However, firm […]
30/01/2024

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.6454; (P) 1.6484; (R1) 1.6536; More… EUR/AUD’s break of 1.6398 minor support argues that rebound from 1.6127 has completed at 1.6671, after rejection by falling channel resistance. Corrective pattern from 1.7062 is possibly still extending, and has just started another leg. Intraday bias is back on the downside for retesting 1.6127 low. […]