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Daily Pivots: (S1) 1.6511; (P) 1.6573; (R1) 1.6625; More… Intraday bias in EUR/AUD remains mildly on the upside for the moment. Corrective pattern from 16800 could have completed with three waves to 1.6391 already Further rally would be seen to retest 1.6800 first. Decisive break there will resume whole rally from 1.5963 to 61.8% projection […]

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17/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 157.93; (P) 158.39; (R1) 158.88; More… USD/JPY’s fall from 161.94 resumed by breaking through 157.16 support and intraday bias is back on the downside. Current decline is seen as correcting whole rally from 140.25. Sustained trading below 55 D EMA (now at 157.72) will bring deeper correction to 38.2% retracement of 140.25 […]
14/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF remains neutral at this point. Further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9010) will bring deeper fall to 38.2% […]
02/12/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.79; (P) 191.07; (R1) 192.00; More… Intraday bias in GBP/JPY remains on the downside at this point. Fall from 199.79 should target 183.70 support. Break there will bring retest of 180.00 low. On the downside, above 192.45 minor resistance will turn intraday bias neutral first. But risk will now stay on the […]