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Daily Pivots: (S1) 1.6061; (P) 1.6101; (R1) 1.6163; More… Intraday bias in EUR/AUD stays neutral at this point. Strong rebound from 1.5996 support, followed by 1.6184 minor resistance, will indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound. However, decisive break of 1.5996 will carry larger bearish implications. […]

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USD/JPY Mid-Day Outlook

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03/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1050; (P) 1.1064; (R1) 1.1086; More…. No change in EUR/USD’s outlook. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will target 1.1274 high next. In […]
25/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.67; (P) 143.67; (R1) 144.23; More… Further rally remains in favor in USD/JPY with 141.73 minor support intact, despite loss of upside momentum as seen in 4H MACD. Rebound from 139.57 short term bottom should extend to 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 141.73 will turn […]
11/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6398; (P) 1.6458; (R1) 1.6556; More… Intraday bias in EUR/AUD is turned neutral first as it recovered after hitting 100% projection of 1.6742 to 1.6439 from 1.6677 at 1.6374. On the downside, below 1.6368 will resume the fall from 1.6742 towards 1.6127 low. Nevertheless, sustained trading above 55 D EMA (now at […]