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Daily Pivots: (S1) 1.6410; (P) 1.6475; (R1) 1.6571; More… EUR/AUD’s rally from 1.5963 is resuming by breaching 1.6559. Intraday bias is back on the upside. Firm break of 1.6598 resistance will confirm that whole fall from 1.7180 has complete with three waves down to 1.5963, and target a test on 1.7180 next. For now, further […]

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16/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains neutral and more consolidations would be seen below 1.1046. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance […]
17/12/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0483; (P) 1.0504; (R1) 1.0533; More… Sideway trading continues in EUR/USD and intraday bias stays neutral. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0674) holds. On the downside, below 1.0452 will bring retest of 1.0330 low. In the bigger […]
07/09/2024

USD/CAD Weekly Outlook

USD/CAD’s rebound from 1.3439 extended higher last week but upside is limited below 1.3617 resistance so far. Initial bias remains neutral this week and further decline remain in favor. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 support zone […]