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Daily Pivots: (S1) 1.2976; (P) 1.2996; (R1) 1.3033; More… Intraday bias in GBP/USD remains neutral as GBP/USD is still extending consolidations above 1.2906. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm […]

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06/04/2024

AUD/USD Weekly Report

AUD/USD rebounded notably last week but upside was capped at 0.6618 and retreated. Initial bias is turned neutral this week first. On the upside, above 0.6618 will bring further rally to 0.6666 resistance. Break there will resume whole rebound from 0.6442. however, break of 0.6480 support will bring retest of 0.6442 low instead. In the […]
07/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0903; (P) 1.0933; (R1) 1.0962; More….. Intraday bias in EUR/USD remains neutral as consolidation continues below 1.1007. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of 1.1007 will resume recent rally from 1.0665 to 100% projection of 1.0665 to 1.0947 from […]
15/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6054; (P) 1.6072; (R1) 1.6096; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.5996 continues. While another recovery cannot be ruled out, further decline is expected as long as 1.6211 resistance holds. Break of 1.5996 will resume larger fall to 1.5846 support next. In the bigger picture, fall from 1.7062 […]