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Daily Pivots: (S1) 0.8465; (P) 0.8491; (R1) 0.8530; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, break of 0.8548 […]

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EUR/AUD Mid-Day Outlook

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21/10/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6156; (P) 1.6185; (R1) 1.6233; More… Intraday bias in EUR/AUD remains mildly on the downside, as fall from 1.6351 would extend to retest 1.6002 low. On the upside, however, break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452. In the bigger picture, as long […]
22/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2557; (P) 1.2609; (R1) 1.2641; More… GBP/USD’s accelerates lower today and intraday bias stays on the downside for 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. Decisive break there will extend the fall from 1.3433 to 1.2298 cluster support zone. For now, risk will stay on the downside as long […]
19/11/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 194.93; (P) 195.54; (R1) 196.71; More… GBP/JPY’s fall from 199.79 resumed after brief consolidations and intraday bias is back on the downside. As noted before, corrective rise from 180.00 could have completed with three waves up to 199.79, after hitting channel resistance. Break of 193.45 resistance turned support will target 183.70 next. […]