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EURJPY broke resistance zone Likely to rise to resistance level 165.00 EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October. The breakout of this resistance zone accelerated added to the […]

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17/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0666; (P) 1.0705; (R1) 1.0743; More…. Intraday bias in EUR/USD remains on downside at this point. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Deeper decline would be seen to 1.0601 low first. Firm break there will target channel support at 1.0510 next. On the upside, above […]
19/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6628; (P) 0.6650; (R1) 0.6691; More… Intraday bias in AUD/USD remains on the upside as rise from 0.6348 is in progress. Further rally would be seen to retest 0.6798 resistance next. On the downside, below 0.6569 minor support will turn bias to the downside for retreat. In the bigger picture, overall, price […]
19/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0846; (P) 1.0877; (R1) 1.0906; More… Intraday bias in EUR/USD remains neutral as consolidation continues above 1.0843 temporary ow. Outlook remains bearish with 1.0995 resistance intact. On the downside, break of 1.0843 will resume the fall from 1.1138 to 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has […]