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Daily Pivots: (S1) 160.43; (P) 160.63; (R1) 160.98; More… USD/JPY’s rally continues today and intraday bias stays on the upside. Next target is 161.8% projection of 151.86 to 157.70 from 154.53 at 163.97. On the downside, below 60.27 minor support will turn intraday bias neutral again first. But outlook will stay bullish as long as […]

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EUR/USD Mid-Day Outlook

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21/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0846; (P) 1.0865; (R1) 1.0877; More… Intraday bias in EUR/USD remains neutral as consolidation continues below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at […]
26/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6490; (P) 0.6515; (R1) 0.6543; More… Intraday bias in AUD/USD remains on the upside for the moment. Sustained break of 55 D EMA (now at 0.6527) will argue that fall from 0.6870 has completed, and bring further rally to 0.6643 resistance next. On the downside, though, break of 0.6464 minor support will […]
09/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8954; (P) 0.8966; (R1) 0.8987; More… Intraday bias in USD/CHF stays neutral for the moment. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to 0.8825 support. Nevertheless, break of 0.9049 will revive near term bullishness and resume […]