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AUD/USD’s fall from 0.6491 resumed last week. Initial bias stays on the downside this week for 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421. Firm break there will target 100% projection at 0.6257 next. On the upside, above 0.6511 support turned resistance will turn intraday bias neutral and bring consolidations first. But outlook […]

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29/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.31; (P) 170.55; (R1) 170.90; More… Intraday bias in EUR/JPY stays mildly on the upside. Break of 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62 will target 171.58 high. Strong resistance could be seen there to limit upside. On the downside, below 169.45 minor support will turn bias back to […]
07/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6511; (P) 0.6547; (R1) 0.6600; More… AUD/USD’s strong rebound suggests that corrective pattern from 0.6442 is extending with another leg. While further rise cannot be ruled out, upside should be limited by 38.2% retracement of 0.6877 to 0.6442 at 0.6605. Break of 0.6476 support will argue that fall from 0.6870 is ready […]
22/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0877; (P) 1.0888; (R1) 1.0908; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.0843 temporary low. But further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will target 1.0722 support next. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. […]