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Daily Pivots: (S1) 0.8639; (P) 0.8654; (R1) 0.8667; More… Intraday bias in USD/CHF stays on the upside as rise from 0.8374 is in progress. Sustained break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed at 0.8374, after defending 0.8332 low. Further rally should then be seen […]

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30/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6340; (P) 1.6423; (R1) 1.6470; More… Intraday bias in EUR/AUD remains on the downside as fall from 1.6771 is in progress. This decline is seen as part of the larger correction from 1.7062. Next target is 1.6127 and possibly below. On the upside, though, above 1.6512 minor resistance will flip bias back […]
11/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.09; (P) 152.66; (R1) 153.73; More… Intraday bias in USD/JPY remains on the upside at this point. 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03 is already met but there is not sign of topping yet. Sustained break there will target 155.20 projection level next. On the downside, below 151.95 […]
15/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2538; (P) 1.2565; (R1) 1.2621; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will indicate that this rebound […]