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USD/CHF stayed in range of 0.8374/8548 last week and outlook is unchanged. Initial bias remains neutral this week first. 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 Weekly Outlook

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11/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2500; (P) 1.2551; (R1) 1.2600; More… Further decline remains mildly in favor in GBP/USD despite today’s recovery. Fall fall 1.2731 short term top would extend to 55 D EMA (now at 1.2445). Sustained break there will bring retest of 1.2036 low. However, firm break of 1.2611 will turn bias back to the […]
22/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.74; (P) 148.28; (R1) 148.71; More… Intraday bias in USD/JPY remains neutral for consolidation below 148.79 temporary top. Further rally is expected as long as 145.97 resistance turned support holds. Corrective all from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 […]
13/12/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6368; (P) 1.6429; (R1) 1.6496; More… Intraday bias in EUR/AUD stays neutral and more consolidations could be seen. But further rally remains in favor as long as 1.6349 support holds. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to […]