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Daily Pivots: (S1) 1.7742; (P) 1.7802; (R1) 1.7844; More… EUR/AUD’s fall from 1.8155 continues today and intraday bias stays on the downside. Current development suggest that rise from 1.7245 has completed at 1.8511. Corrective pattern from 1.8554 should then be in its third leg. Further decline should be seen to 61.8% retracement of 1.7245 to […]

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10/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6348; (P) 1.6384; (R1) 1.6458; More… EUR/AUD retreated sharply after edging higher to 1.6418 ans intraday bias remains neutral. . On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, sustained break of 55 D […]
24/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8449; (P) 0.8484; (R1) 0.8510; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias stays neutral at this point. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition […]
28/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8326; (P) 0.8340; (R1) 0.8349; More… Intraday bias in EUR/GBP remains neutral as range trading continues above 0.8259. Outlook stays bearish with 0.8446 resistance intact. On the downside, decisive break of 0.8259 will resume larger down trend to 0.8201 key support. In the bigger picture, down trend from 0.9267 (2022 high) is […]