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Daily Pivots: (S1) 1.6484; (P) 1.6531; (R1) 1.6562; More… Intraday bias in EUR/AUD remains neutral for the moment. The favored case remains that consolidation pattern from 1.6800 has completed at 1.6391 already. On the upside above 1.6631 will bring retest of 1.6800 first. Firm break there will resume the rally from 1.5963 to 61.8% projection […]

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19/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8811; (P) 0.8850; (R1) 0.8871; More… USD/CHF’s retreat from 0.8916 extends lower today but stays above 0.8773 resistance turned support. Intraday bias remains neutral first and further rally is in favor. On the upside, break of 0.8916 and sustained trading above 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the […]
03/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9692; (P) 0.9703; (R1) 0.9726; More…. Intraday bias in EUR/CHF stays on the upside at this point. Fall from 0.9928 could have completed at 0.9476, probably as a corrective move. Further rise would be seen for retesting 0.9928 high. On the downside, however, break of 0.9608 will bring retest of 0.9476 support […]
10/02/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation in range of 1.6348/6671 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for […]