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Daily Pivots: (S1) 0.8604; (P) 0.8641; (R1) 0.8666; More….. Immediate focus is on 0.8616 support in USD/CHF. Sustained break there will indicate rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734, and turn bias back to the downside for retesting 0.8431 low. On the upside, sustained break of 0.8734 will extend the rebound from […]

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20/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.00; (P) 158.99; (R1) 160.19; More…. Intraday bias in EUR/JPY remains mildly on the upside for the moment. Rise from 155.14 is seen as the third leg of the corrective pattern from 154.40. Further rally would be seen to 163.89, and possibly further to 61.8% retracement of 175.41 to 154.40 at 167.38. […]
21/09/2024

AUD/USD Weekly Report

AUD/USD’s rally from 0.6438 resumed by breaking through 0.6823 last week. Initial bias stays on the upside this week for 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915 next. On the downside, below 0.6376 minor support will turn intraday bias neutral first. But outlook will remain cautiously bullish as long as 0.6621 support […]
28/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1160; (P) 1.1175; (R1) 1.1200; More…. EUR/USD is staying in consolidation from 1.1200 and intraday bias remains neutral for the moment. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 at […]