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Daily Pivots: (S1) 152.12; (P) 152.61; (R1) 153.42; More… Intraday bias in USD/JPY remains neutral at this point, and more consolidations would be see. Another rise is expected with 151.44 support intact. Sustained trading above of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. However, considering bearish […]

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02/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1020; (P) 1.1052; (R1) 1.1070; More… EUR/USD’s retreat from 1.1138 extends lower today but stays well above 1.0929 support. Intraday bias remains neutral for the moment. Further rally is expected as long as 1.0929 support holds. Break of 1.1138 will resume the rise from 1.0447 to retest 1.1274 high. Strong resistance should […]
05/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8523; (P) 0.8631; (R1) 0.8689; More… USD/CHF’s decline accelerates lower today. There so no sign of bottoming yet, and intraday bias stays on the downside for retesting 0.8332 low. On the upside, above 0.8594 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall. In the bigger picture, […]
11/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6451; (P) 1.6502; (R1) 1.6562; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend the […]