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Daily Pivots: (S1) 1.7923; (P) 1.8174; (R1) 1.8467; More… A temporary top is formed at 1.8417 with current retreat and intraday bias in EUR/AUD is turned neutral. Downside of consolidations should be contained above 1.7417 resistance turned support. Above 1.8417 will resume larger up trend to 161.8% projection of 1.6355 to 1.7417 from 1.7047 at […]

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16/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY is still staying below 146.40 and intraday bias remains neutral. Rebound from 140.25 could extend through 146.40, but upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, break of 143.41 will turn bias back to the downside for […]
02/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… GBP/USD’s fall from 1.3043 is in progress and intraday bias stays on the downside. Rise from 1.2298 could have completed at 1.3043 already. Deeper fall would be seen to 1.2612 support and below. On the upside, break of 1.2863 resistance is needed to indicate short term […]
22/06/2024

EUR/AUD Weekly Outlook

EUR/AUD’s down trend continued last week but it recovered after hitting 1.6026. Initial bias is neutral this week for some consolidations first. Upside should be limited by 1.6211 support turned resistance to bring another fall. Below 1.6026 will turn bias back to the downside for 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. […]