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Daily Pivots: (S1) 149.20; (P) 149.59; (R1) 150.15; More… Intraday bias in USD/JPY stays on the upside as rise from 139.57 is in progress. This rally is seen as the second leg of the corrective pattern from 161.94, and should target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below 148.25 […]

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14/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0923; (P) 1.0938; (R1) 1.0954; More…. Intraday bias in EUR/USD remains neutral for the moment. Further decline is expected as long as 1.0996 resistance holds. On the downside, sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective […]
24/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0656; (P) 1.0684; (R1) 1.0729; More… EUR/USD is still bounded in range trading above 1.0601 and intraday bias remains neutral. Strong resistance should be seen from 1.0723 to complete the corrective rise from 1.0601. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 […]
19/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6253; (P) 1.6307; (R1) 1.6340; More… EUR/AUD weakens notably after failing to sustain above 55 D EMA, but downside is held well above 1.6161 temporary low. Intraday bias stays neutral and risk remains on the downside for the moment. On the downside, below 1.6161 will target a test on 1.5996/6002 key support […]