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Daily Pivots: (S1) 0.6577; (P) 0.6598; (R1) 0.6622; More… Intraday bias in AUD/USD remains on the downside as fall from 0.6705 short term top is in progress for 55 D EMA (now at 0.6540). Firm break there will target 0.6413 support. On the upside, though above 0.6622 minor resistance will bring retest of 0.6706 high. […]

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01/11/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.39; (P) 152.49; (R1) 153.14; More… Intraday bias in USD/JPY remains neutral as consolidation from 153.87 is extending. Deeper retreat cannot be ruled out but further rally is expected as long as 55 D EMA (now at 148.95) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave […]
30/01/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8510; (P) 0.8527; (R1) 0.8542; More… Intraday bias in EUR/GBP is turned neutral first with today’s strong recovery. Immediate focus is now on 0.8563 minor resistance. Firm break there will suggest short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned to the upside for stronger rebound […]
17/02/2025

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0454; (P) 1.0484; (R1) 1.0521; More… EUR/USD is staying in consolidation from 1.0176 and intraday bias remains neutral. Stronger rebound might be seen but outlook will remain bearish as long as 38.2% retracement of 1.1213 to 1.0176 at 1.0572 holds. On the downside, break of 1.0176 will resume whole fall from 1.1213. […]