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Daily Pivots: (S1) 1.7772; (P) 1.7858; (R1) 1.7976; More… EUR/AUD is still extending the consolidation pattern from 1.8554 short term top and intraday bias remains neutral. Downside of the pull back should be contained by 38.2% retracement of 1.5963 to 1.8854 at 1.7750. On the upside, firm break of 1.8554 will resume larger up trend. […]

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22/07/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6672; (P) 0.6693; (R1) 0.6707; More… AUD/USD’s fall from 0.6798 accelerates lower today and intraday bias stays on the downside for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong support could be seen there to bring rebound, and break of 0.6714 resistance will turn bias back to the upside for retesting […]
30/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8374; (P) 0.8433; (R1) 0.8465; More… Intraday bias in USD/CHF remains neutral as range trading continues above 0.8374. Further decline is in favor with 0.8548 resistance intact. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. […]
14/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.65; (P) 164.23; (R1) 164.82; More…. Intraday bias in EUR/JPY remains neutral for consolidations above 163.19 temporary low. On the downside, sustained trading below 55 D EMA (now at 163.44) will argue that whole corrective rise from 154.40 has completed with three waves up to 166.67. Deeper decline should then be seen […]