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Daily Pivots: (S1) 1.2631; (P) 1.2673; (R1) 1.2739; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside. 4H MACD indicates that it’s picking up momentum again. Sustained trading above 61.8% retracement of 1.3141 to 1.2036 at 1.2716 will pave the way to retest 1.3141 high. On the downside, below 1.2606 […]

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09/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6480; (P) 1.6640; (R1) 1.6723; More… Intraday bias in EUR/AUD remains neutral at this point. While deeper retreat cannot be ruled out, outlook will remain bullish as long as 1.6474 support holds. On the upside, above 1.6798 minor resistance will turn bias back to the upside for retesting 1.7180. Firm break there […]
02/12/2023

EUR/GBP Weekly Outlook

EUR/GBP’s fall from 0.8764 accelerated to as low as 0.8557 last week. The development suggests that rebound from 0.8491 has completed as a corrective move at 0.8764. Initial bias stays on the downside this week for retesting 0.8491 low first. Firm break there will resume larger down trend. On the upside, touching 0.8634 minor resistance […]
15/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6490; (P) 1.6549; (R1) 1.6584; More… EUR/AUD is still bounded in sideway trading and intraday bias remains neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for […]