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Daily Pivots: (S1) 0.8946; (P) 0.8983; (R1) 0.9049; More… USD/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 08374 should target 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095 next. On the downside, below 0.8916 minor support will turn intraday bias neutral first. But outlook […]

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27/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s corrective pull back continued last week and outlook is unchanged. Initial bias remains neutral this week first. Further rally is expected as long as 1.6398 support holds. 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 […]
21/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6054; (P) 1.6085; (R1) 1.6110; More… Intraday bias in EUR/AUD remains on the downside for now, despite some loss of momentum as seen in 4H MACD. Current down trend should target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. On the upside, above 1.6125 minor resistance will turn intraday bias […]
06/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6382; (P) 1.6449; (R1) 1.6548; More… Intraday bias in EUR/AUD remains neutral at this point as consolidations from 1.6267 is extending. Outlook stays bearish as long as 1.6844 resistance holds. On the downside, break of 1.6267 will resume larger decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at […]