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Daily Pivots: (S1) 1.3876; (P) 1.3902; (R1) 1.3929; More… Intraday bias in USD/CAD stays neutral for the moment. Considering bearish divergence condition in 4H MACD, firm break of 1.3890 minor support will indicate short term topping, and turn bias back to the downside for 55 D EMA (now at 1.3725). On the upside, decisive break […]

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26/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6411; (P) 1.6491; (R1) 1.6551; More… Intraday bias in EUR/AUD stays neutral for the moment. With 1.6398 minor support intact, further rally is in favor. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. However, break […]
16/12/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6347; (P) 0.6366; (R1) 0.6380; More… AUD/USD is staying in consolidation above 0.6336 and intraday bias remains neutral. More consolidations would be seen and another recovery cannot be ruled out. But outlook will stay bearish as long as 55 D EMA (now at 0.6540) holds. Below 0.6336 will resume the fall from […]
13/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8521; (P) 0.8538; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral as it’s still bounded in range trading. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside […]