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EUR/AUD’s fall from 1.6598 resumed last week and hit as low as 1.5963. With no clear sign of bottoming yet, initial bias stays on the downside this week. Decisive break of 1.5996 key support will carry larger bearish implications. Next near term target will be 100% projection of 1.6598 to 1.6161 from 1.6359 at 1.5922, […]

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EUR/USD Mid-Day Outlook

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EUR/USD Weekly Outlook

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31/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0814; (P) 1.0842; (R1) 1.0885; More… EUR/USD’s break of 1.0871 resistance confirms short term bottoming at 1.0760, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 55 D EMA (now at 1.0945). Strong resistance should be seen there to limit upside. On the downside, sustained break […]
06/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.29; (P) 190.69; (R1) 191.06; More….. Intraday bias in GBP/JPY remains neutral and range trading continues. Corrective pattern from 191.29 could still extend. Break of 188.02 minor support will bring deeper fall to 38.2% retracement of 178.32 to 191.29 at 186.33, as a correction to rise from 178.32. Nevertheless, on the upside, […]
13/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg of the corrective pattern from 160.20. On the upside, break of […]