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Daily Pivots: (S1) 1.2887; (P) 1.2941; (R1) 1.2974; More… Further decline is expected in GBP/USD as long as 1.3070 resistance holds, despite loss of momentum as seen in 4H MACD. Fall from 1.3433 should target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, firm break of 1.3070 resistance will indicate short term bottoming, and […]

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AUD/USD Daily Report

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09/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.42; (P) 142.66; (R1) 143.54; More… Intraday bias in USD/JPY is turned neutral with 4H MACD crossed above signal line. But further decline is expected as long as 147.20 resistance holds. Decisive break of 141.67 will resume whole decline from 161.95 high. Next target will be 140.25 support. In the bigger picture, […]
15/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9609; (P) 0.9619; (R1) 0.9629; More… Intraday bias in EUR/CHF remains neutral and further rally is expected with 0.9510 support intact. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. However, considering bearish divergence condition in […]
15/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8927; (P) 0.8949; (R1) 0.8966; More… Intraday bias in USD/CHF is neutral for the moment, but further fall is expected with 0.9000 resistance intact. Below 0.8914 will target 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 will turn bias back […]