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EUR/GBP’s strong rally last week suggest that fall from 0.8472 has completed as a corrective three-wave move down to 0.8239. However, the cross lost momentum after final push to 0.8416. Initial bias is neutral this week for consolidations. Downside should be contained above 55 4H EMA (now at 0.8323) to bring another rise. Break of […]

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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 […]
13/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rebound from 1.6127 short term bottom extended higher last week, but failed to break through 1.6478 resistance and retreated. Initial bias is neutral this week first, but further rise is in favor as long as 1.16278 minor support holds. On the upside, firm break of 1.6478 will argue that whole correction from 1.7062 has […]
08/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3577; (P) 1.3609; (R1) 1.3653; More… USD/CAD’s rebound from 1.3418 is still in progress and intraday bias stays on the upside. Decisive break of 38.2% retracement of 1.3946 to 1.3418 at 1.3505 will target 61.8% retracement at 1.3559 next. On the downside, below 1.3566 minor support will turn intraday bias neutral first. […]