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Daily Pivots: (S1) 1.3511; (P) 1.3545; (R1) 1.3590; More… GBP/USD’s rally resumed by breaking through 1.3592 resistance today. Intraday bias is back on the upside. Next target is 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. For now, near term outlook will stay bullish as long as 1.3414 support holds, in case of […]

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22/06/2024

AUD/USD Weekly Report

AUD/USD’s consolidation from 0.6713 continued last week and outlook is unchanged. Initial bias stays neutral this week first. 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 resistance next. However, sustained […]
13/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9430; (P) 0.9455; (R1) 0.9475; More… EUR/CHF is extending consolidation from 0.9402 and intraday bias remains neutral for the moment. Overall outlook stays bearish as long as 0.9543 resistance holds. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 […]
20/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0859; (R1) 1.0884; More… Intraday bias in EUR/USD turned neutral with 4H MACD crossed above signal line. But deeper fall is in favor as long as 1.0905 resistance holds. On the downside, sustained trading below 55 D EMA (now at 1.0856) will argue that rebound from 1.0694 has completed and […]