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Daily Pivots: (S1) 1.2993; (P) 1.3052; (R1) 1.3103; More… The break of 1.3043 resistance turned support confirms short term topping at 1.3265. Intraday bias in GBP/USD is now on the downside for 55 D EMA (now at 1.2949). Sustained break there will bring deeper fall to 1.2664 key support. On the upside, above 1.3111 minor […]

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EUR/CHF Daily Outlook

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08/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9573; (P) 0.9596; (R1) 0.9634; More… EUR/CHF is extending the consolidation from 0.9630 and intraday bias remains neutral. Further rally is expected as long as 0.9510 support holds. Above 0.9630 will resume the rebound from 0.9252 to 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. However, considering bearish divergence […]
10/11/2024

USD/JPY Weekly Outlook

USD/JPY edged higher again last week but retreated after hitting 154.70. Initial bias remains neutral this week for more consolidations. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will indicate short […]
26/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6630; (P) 0.6652; (R1) 0.6668; More… AUD/USD jumps notably today but stays in consolidations below 0.6713. Intraday bias remains neutral at this point. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise […]