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Daily Pivots: (S1) 1.3805; (P) 1.3825; (R1) 1.3835; More… USD/CAD’s from 1.3418 is extending in early US session. Intraday bias stays on the upside for retest of 1.3946/76 key resistance zone. Strong resistance might be seen there to limit upside. However, break of 1.3746 support is needed to confirm short term topping. Otherwise, further rise […]

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25/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8302; (P) 0.8345; (R1) 0.8366; More… Intraday bias in EUR/GBP is turned neutral as it recovered after hitting 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. Some consolidations would be seen first, but outlook will remain bearish as long as 0.8399 support turned resistance holds. On the downside, below 0.8316 […]
19/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.81; (P) 163.40; (R1) 164.52; More…. Intraday bias in EUR/JPY is turned neutral first as recovery from 162.25 extends. But further decline is expected as long as 165.02 resistance holds. Corrective rebound from 154.40 could have completed with three waves up to 166.77 already, ahead of 61.8% retracement of 175.41 to 154.40 […]
02/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6453; (P) 1.6529; (R1) 1.6621; More… EUR/AUD failed to break through 1.6671 resistance and retreated sharply. Intraday bias is turned neutral again first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be […]