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AUD/USD’s break of 0.6329 resistance last week indicates that rebound from 0.6087 is at least correcting the whole fall from 0.6941. Initial bias is now on the upside for 38.2% retracement of 0.6941 to 0.6087 at 0.6413. On the downside, however, break of 0.6234 support will suggest that the rebound has completed and bring retest […]

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EUR/USD Weekly Outlook

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EUR/USD Daily Outlook

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08/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 183.43; (P) 183.87; (R1) 184.41; More… Intraday bias in GBP/JPY stays neutral first. On the upside, sustained break of 184.15 resistance will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. However, break of 181.73 minor support will indicate rejection by 184.15, and retain […]
08/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9413; (P) 0.9438; (R1) 0.9471; More… EUR/CHF recovered after breaching 0.9407 low briefly and intraday bias is turned neutral. Some consolidations would be seen but further fall is expected as long as 0.9543 resistance holds. Decisive break of 0.9407 will resume larger down trend. In the bigger picture, medium term outlook remains […]
05/12/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6231; (P) 1.6312; (R1) 1.6426; More… The break of 1.6359 resistance in EUR/AUD is tentatively taken as a the first sign of near term bullish reversal. Intraday bias now mildly on the upside for 1.6598 resistance. Firm break there will confirm successful defense of 1.5996 support and bring further rally. Nevertheless, break […]