Category: Technical Outlook

Daily Pivots: (S1) 143.89; (P) 144.70; (R1) 145.31; More… USD/JPY’s break of 144.02 support now argues that rebound from 139.87 has completed as a correction to 148.64. Intraday bias is back on the downside for retesting 139.87 support. For now, risk will stay on the downside as long as 146.08 minor resistance holds, in case…

Daily Pivots: (S1) 0.8256; (P) 0.8309; (R1) 0.8337; More…. USD/CHF’s downside accelerations suggests that corrective recovery from 0.8038 has already completed with three waves up to 0.8475. Intraday bias is back on the downside, and break of 0.8184 support will solidify this bearish case. Further break of 0.8038 will resume larger down trend to 61.8%…

Daily Pivots: (S1) 1.3894; (P) 1.3931; (R1) 1.3954; More… USD/CAD’s break of 1.3898 support suggests that rebound from 1.3749 has completed as a correction at 1.4014. Intraday bias is back on the downside for retesting 1.3749. Firm break there will resume whole fall from 1.4791. For now, risk will remain on the downside as long…

Daily Pivots: (S1) 0.6391; (P) 0.6426; (R1) 0.6459; More… Range trading continues in AUD/USD and intraday bias remains neutral. Further rise is in favor with 0.6356 support intact. One the upside, break of 0.6511 will resume the rise from 0.5913 and target 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6356…

Daily Pivots: (S1) 1.1239; (P) 1.1263; (R1) 1.1307; More… EUR/USD’s break of 1.1292 resistance suggest that correction from 1.1572 has completed at 1.1064 already. Intraday bias is back on the upside for retesting 1.1572 high first. Firm break there will resume larger up trend. Next near term target will be 61.8% projection of 1.0176 to…

Daily Pivots: (S1) 1.3354; (P) 1.3375; (R1) 1.3414; More… Intraday bias in GBP/USD remains on the upside. Decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. Next near term target will be 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593, and then 100% projection at 1.1.3874. On the downside,…

Daily Pivots: (S1) 1.3283; (P) 1.3344; (R1) 1.3421; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger…

Daily Pivots: (S1) 144.52; (P) 145.00; (R1) 145.33; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is in favor as long as 144.02 support holds. Above 146.08 minor resistance will target 148.64 first. Firm break there will resume the rally from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.60…

Daily Pivots: (S1) 0.8318; (P) 0.8349; (R1) 0.8378; More…. USD/CHF breached 0.8323 support but failed to sustain below. Intraday bias stays neutral first. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias…

Daily Pivots: (S1) 1.1180; (P) 1.1234; (R1) 1.1296; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, decisive break of 1.1292 resistance should indicate that correction from 1.1572 has already completed after defending 38.2% retracement of 1.0176 to 1.1572 at 1.1039. Intraday bias will be turned back to the upside…