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Daily Pivots: (S1) 1.2919; (P) 1.2981; (R1) 1.3025; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2906 temporary low. 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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27/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6343; (P) 1.6374; (R1) 1.6394; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. On the downside, break of 1.6322 minor support will indicate rejection by 55 D EMA (now at 1.6408). Deeper fall would be seen to retest 1.6211. Firm break there will resume the whole decline from […]
12/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2753; (R1) 1.2779; More… Intraday bias in GBP/USD remains neutral for the moment and more range trading could be seen above 1.2664. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, […]
16/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6438; (P) 1.6468; (R1) 1.6521; More… Intraday bias in EUR/AUD turned back to the upside with break of 1.6516 resistance. Further rally would be seen to 1.6677 resistance next. Break there will confirm that correction from 1.6742 has completed, and bring further rally through this high. On the downside, though, break of […]