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EUR/AUD’s pullback was a little deeper than expected last week, but it nonetheless recovered after hitting 1.7798. Initial bias remains neutral first. On the upside, break of 1.7965 minor resistance will bring retest of 1.8160. Firm break there will solidify the case that larger up trend is resuming. However, below 1.7798 will dampen this week […]

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EUR/USD Daily Outlook

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28/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8494; (P) 0.8507; (R1) 0.8517; More… Intraday bias in EUR/GBP remains neutral first. Further decline is expected as long as 55 D EMA (now at 0.8559) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. In the bigger picture, outlook remains bearish as EUR/GBP is capped […]
24/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; More… Outlook in USD/JPY is unchanged and intraday bias remains mildly on the upside for further rally. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support […]
28/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0830; (P) 1.0848; (R1) 1.0863; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0832) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to 1.1138. However, […]