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EUR/AUD was still stuck in sideway trading last week and outlook is unchanged. Initial bias remains 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 confirmation. […]

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EUR/USD Weekly Outlook

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EUR/USD Mid-Day Outlook

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10/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0768; (P) 1.0835; (R1) 1.0870; More…. Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0601 might have completed at 1.0915 already. Fall from there could be another falling leg of the corrective pattern from 1.1274. Further decline could be seen to retest 1.0601 support next. On the […]
04/05/2024

GBP/JPY Weekly Outlook

GBP/JPY reversed after rising to 200.53 last week and fell sharply since then. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 191.34) will extend the fall from 200.53, to 61.8% retracement of 178.32 to 200.53 at 186.80. On the upside, break of 195.73 minor resistance will turn […]
22/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8835; (P) 0.8854; (R1) 0.8886; More… USD/CHF’s rally from 0.8374 resumed by breaking 0.8916 resistance. Intraday bias is back on the upside. Further rise should be seen towards 0.9223 key resistance next. For now, outlook will stay bullish as long as 0.8800 support holds, in case of retreat. In the bigger picture, […]