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Daily Pivots: (S1) 0.9517; (P) 0.9538; (R1) 0.9548; More… Intraday bias in EUR/CHF is turned neutral again with current retreat. Considering loss of momentum as seen in 4H MACD, in case of another rise, upside should be limited by 0.9574 fibonacci resistance. On the downside, break of 0.9466 support will argue that rebound from 0.9252 […]

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EUR/USD Daily Outlook

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08/10/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8363; (P) 0.8381; (R1) 0.8407; More… Intraday bias in EUR/GBP stays neutral at this point. Also, near term outlook remains bearish. On the downside, break of 0.8309 will resume larger down trend to 0.8201 key support next. However, decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the […]
16/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.70; (P) 191.71; (R1) 193.01; More.. Range trading continues in GBP/JPY and intraday bias stays neutral for the moment. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 support will indicate that it’s at least correcting the rise from 178.32, […]
27/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6602; (P) 0.6619; (R1) 0.6647; More… Intraday bias in AUD/USD remains neutral for the moment. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579 intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, firm […]