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Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… Intraday bias in USD/JPY stays mildly on the upside at this point. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside, break of 155.25 minor support will suggest that the third leg has […]

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EUR/USD Mid-Day Outlook

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12/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6551; (P) 0.6567; (R1) 0.6584; More… AUD/USD recovers today but stays inside range below 0.6689. Intraday bias remains neutral for the moment, and risk stays mildly on the downside. Break of 0.6524 will affirm the case of rejection by channel resistance, and resume the fall from 0.6689 short term top to 55 […]
06/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD stays on the upside at this point. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to […]
19/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0857; (P) 1.0881; (R1) 1.0897; More… Intraday bias in EUR/USD remains on the downside, as fall from 1.0980 short term top is in progress for 55 D EMA (now at 1.0856). Sustained break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will […]