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Daily Pivots: (S1) 0.8311; (P) 0.8335; (R1) 0.8357; More… Intraday bias in EUR/GBP stays neutral at this point. Outlook also remains bearish with 0.8446 resistance intact. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will confirm […]

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30/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6776; (P) 0.6800; (R1) 0.6822; More… AUD//USD continues to lose upside moment as seen in 4H MACD, but there is no clear sign of topping yet. Further rally is expected as long as 06696 support holds. Current rally should target 0.6870 resistance. Firm break there will target 100% projection of 0.6269 to […]
25/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6633; (P) 0.6650; (R1) 0.6675; More… AUD/USD is still bounded in consolidation from 0.6713 and intraday bias stays neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 […]
22/06/2024

USD/CHF Weekly Outlook

USD/CHF dived to 0.8825 last week but recovered strongly since then. Initial bias remains neutral for consolidations above 0.8825. Near term outlook stays bearish as long as 0.8992 resistance holds. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the bigger picture, price actions from […]