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Daily Pivots: (S1) 0.6495; (P) 0.6518; (R1) 0.6546; More… AUD/USD’s break of 0.6528 resistance suggests that corrective pullback from 0.6624 has completed at 0.6418. Intraday bias is mildly on the upside for retesting 0.6624. On the downside, though, break of 0.6449 support will resume the correction to 38.2% retracement of 0.5913 to 0.6624 at 0.6352. […]

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04/05/2024

EUR/JPY Weekly Outlook

EUR/JPY reversed after initial rise to 171.58 last week and fell sharply. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58 to 61.8% retracement of 153.15 to 171.58 at 160.19. On the upside, above 167.37 will turn bias neutral. In the […]
26/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3798; (P) 1.3824; (R1) 1.3850; More… A temporary top should be in place at 1.3848 with current retreat. Intraday bias in USD/CAD is turned neutral for consolidations. Downside of retreat should be contained by 55 4H EMA (now at 1.3745) to bring another rally. On the upside, decisive break of 1.3845 high […]
07/03/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9591; (P) 0.9611; (R1) 0.9634; More… Intraday bias in EUR/CHF is turned neutral with current retreat and some consolidations would be seen. But further rally is expected as long as 0.9510 support holds. Above 0.9630 will resume the rebound from 0.9252 to 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 […]