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Daily Pivots: (S1) 0.6443; (P) 0.6463; (R1) 0.6482; More… Intraday bias in AUD/USD is turned neutral first with 4H MACD crossed above signal line. Some consolidations would be seen but outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at […]

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08/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8583; (P) 0.8600; (R1) 0.8623; More…. Intraday bias in EUR/GBP is mildly on the upside with breach of 0.8618 temporary top. Rise from 0.8382 is resuming for 0.8643 resistance. Decisive break there will strengthen the case of larger bullish reversal and target 0.8764 key resistance next. On the downside, however, break of […]
16/11/2024

EUR/AUD Weekly Outlook

EURAUD stayed in consolidation above 1.6161 last week and outlook is unchanged. Initial bias remains neutral this week and further fall is expected with 1.6598 resistance intact. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone. In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 […]
30/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8531; (P) 0.8540; (R1) 0.8554; More… While downside momentum in EUR/GBP isn’t too convincing, further decline is still expected with 0.8563 resistance intact. Next target is 0.8491 low and break will resume larger down trend to 0.8464 projection level. On the upside, above 0.8563 minor resistance will turn intraday bias neutral and […]