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Daily Pivots: (S1) 1.6416; (P) 1.6468; (R1) 1.6498; More… Intraday bias in EUR/AUD stays neutral for the moment. On the upside, break of 1.6631 resistance will reaffirm the case that consolidation from 1.6800 has completed at 1.6391. Retest of 1.6800 high should be seen next and firm break there will resume the rally from 1.5963. […]

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27/07/2024

EUR/CHF Weekly Outlook

EUR/CHF’s fall from 0.9772 extended to 0.9519 last week but recovered since then. Initial bias is turned neutral this week for consolidations first. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should have completed as a corrective move at 0.9772. Below 0.9519 will bring retest of 0.9476. Firm […]
28/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2617; (P) 1.2629; (R1) 1.2653; More… Range trading continues in GBP/USD and intraday bias remains neutral. Risk stays on the downside as long as 55 4H EMA (now at 1.2667) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there will suggest that rise from […]
29/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.49; (P) 159.92; (R1) 160.36; More…. EUR/JPY’s fall from 166.67 is in progress today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper decline would be seen to 155.14 support next. On the upside, above 160.32 minor […]