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A short term top should be formed at 0.6941 last week as AUD/USD broke through 0.6823 resistance turned support. Initial bias is now on the downside this week for 55 D EMA (now at 0.6744). Sustained break there should confirm rejection by 0.6941 fibonacci level, and bring deeper decline to 0.6621 support. On the upside, […]

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12/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8770; (P) 0.8793; (R1) 0.8807; More…. Intraday bias in USD/CHF stays neutral at this point. Further rise remains in favor with 0.8727 minor support intact. Above 0.8819 will resume the rebound from 0.8665 short term bottom to 0.8886 support turned resistance first. However, firm break of 0.8727 will retain near term bearishness, […]
22/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 153.82; (P) 154.64; (R1) 155.36; More… USD/JPY is still bounded in range trading and intraday bias stays neutral. On the upside, break of 156.74 will resume the whole rally from 139.57 towards 161.94 high. On the downside, though, break of 153.27 will resume the correction towards 38.2% retracement of 139.57 to 156.74 […]
29/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2851; (P) 1.2866; (R1) 1.2883; More… GBP/USD’s fall from 1.3043 extends lower today and intraday bias is back on the downside with break of 1.2859 resistance turned support. Decisive break of 55 D EMA (now at 1.2776) will suggest that rise from 1.2298 has completed with three waves up to 1.3043 Deeper […]