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Daily Pivots: (S1) 0.6495; (P) 0.6515; (R1) 0.6552; More… AUD/USD’s break of 0.6478 support indicates short term topping at 0.6545, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 0.6416). Firm break there will target 38.2% retracement of 0.5913 to 0.6545 at 0.6304. On […]

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20/03/2025

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8755; (P) 0.8783; (R1) 0.8803; More… USD/CHF is still bounded in consolidation from 0.8757 and intraday bias remains neutral. In case of another recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 […]
06/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.69; (P) 169.36; (R1) 170.35; More…. Intraday bias in EUR/JPY remains neutral for the moment. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will now stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there will target 164.01 support […]
13/05/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3112; (P) 1.3205; (R1) 1.3271; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the downside, below 1.3138 will extend the correction from 1.3442 to 55 D EMA (now at 1.3067) and below. But downside should be contained by 38.2% retracement of 1.2099 to 1.3442 at 1.2929 to bring […]