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Daily Pivots: (S1) 0.8401; (P) 0.8431; (R1) 0.8452; More….. USD/CHF’s fall from 0.9223 is in progress. Intraday bias stays on the downside for 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. On the upside, above 0.8484 minor resistance will turn intraday bias neutral. But outlook will remain bearish as […]

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09/03/2024

EUR/AUD Weekly Outlook

EUR/AUD edged higher to 1.6742 last week but fell sharply since then. Immediate focus is now on 1.6450 support this week. Decisive break there will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend the whole corrective […]
20/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.88; (P) 189.17; (R1) 189.44; More… GBP/JPY is still extending range trading below 190.05 and intraday bias remains neutral. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the […]
10/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0742; (P) 1.0764; (R1) 1.0803; More… Intraday bias in EUR/USD stays neutral at this point. Further rally is expected as long as 55 4H EMA (now at 1.0741) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm break of 55 4H EMA will […]