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USD/JPY edged lower to 148.64 last week but turned sideway since then. Initial bias stays neutral this week first, and further fall is in favor as long as 151.94 resistance holds. On the downside, below 148.64 will strengthen the case that rise from 139.57 has already completed at 156.754. Deeper fall should then be seen […]

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21/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6190; (P) 1.6214; (R1) 1.6230; More… Outlook in EUR/AUD remains unchanged and intraday bias stays neutral. Further decline is expected with 1.6359 resistance intact. On the downside, break 1.6161 will resume the fall from 1.6598 for retesting 1.5996/6002 key support zone. Nevertheless, break of 1.6359 will turn bias to the upside for […]
12/06/2024

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.6217; (P) 1.6277; (R1) 1.6318; More… EUR/AUD’s break of 1.6211 support confirms resumption of decline from 1.6742, as the third leg of the correction from 1.7062. Intraday bias is now on the downside for 61.8% projection of 1.6679 to 1.6211 from 1.6418 at 1.6129 first. Firm break there will target 100% projection […]
10/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8449; (P) 0.8472; (R1) 0.8517; More… No change in USD/CHF’s outlook and intraday bias stays neutral. With 0.8356 resistance intact, further decline is expected. 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 […]