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Daily Pivots: (S1) 0.9519; (P) 0.9532; (R1) 0.9547; More… Further rally is still expected in EUR/CHF with 0.9466 support intact. However, considering bearish divergence condition in 4H MACD, strong resistance could be seen from 0.9574 fibonacci resistance to limit upside. On the downside, break of 0.9466 support will indicate short term topping, and turn bias […]

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15/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6054; (P) 1.6072; (R1) 1.6096; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.5996 continues. While another recovery cannot be ruled out, further decline is expected as long as 1.6211 resistance holds. Break of 1.5996 will resume larger fall to 1.5846 support next. In the bigger picture, fall from 1.7062 […]
26/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D […]
02/03/2024

AUD/USD Weekly Report

AUD/USD’s decline argues that corrective recovery from 0.6442 has completed at 0.6594. But as a temporary low was formed at 0.6486, initial bias is neutral this week first. On the downside, below 0.6486 will target a retest on 0.6442 first. Firm break there will resume whole decline from 0.6870. However, on the upside, break of […]