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Daily Pivots: (S1) 1.3473; (P) 1.3540; (R1) 1.3586; More… USD/CAD’s fall from 1.3897 resumed by breaking through 1.3479 support. Intraday bias is back on the downside for 1.3378 support zone. Strong support is expected there to bring rebound. But still, break of 1.3617 resistance is needed to indicate short term bottoming. Otherwise, risk will stay […]

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29/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6540; (P) 1.6569; (R1) 1.6612; More… Intraday bias in EUR/AUD remains neutral for consolidations below 1.6642 temporary top. Further rally is expected as long as 1.6384 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.5998. Above 1.6642 will target 1.6742 resistance. Decisive break there will argue […]
14/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6603; (P) 0.6619; (R1) 0.6638; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Another rise will be mildly in favor as long as 55 4H EMA (now at 0.6586) holds. Above 0.6666 will resume the rebound from 0.6442 to 61.8% retracement of 0.6877 to 0.6442 at 0.6707 next. Sustained […]
24/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.55; (P) 156.92; (R1) 157.30; More… Intraday bias in USD/JPY is back on the upside with break of 156.78 resistance. Rise from 161.86, as the second leg of the corrective pattern from 160.20, should now target 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, below 155.83 minor […]