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EUR/CHF gyrated higher last week after brief retreat, but lacked momentum to push through 100% projection of 0.9204 to 0.9516 from 0.9331 at 0.9643 decisively. Initial bias stays neutral this week first. Further rise is expected as long as 0.9489 support holds. Sustained trading above 0.9643 will pave the way to 161.8% projection at 0.9836 […]

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14/03/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.80; (P) 160.68; (R1) 161.30; More… Intraday bias in EUR/JPY remains neutral for consolidations below 162.34. Further rise is expected as long as 158.87 support holds. Above 162.34 will resume the rise from 154.77 to 164.89 resistance, as another rising leg in the consolidation pattern from 154.40. In the bigger picture, price […]
28/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.98; (P) 164.39; (R1) 164.83; More…. EUR/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rally from 154.40 should target 61.8% retracement of 175.41 to 154.40 at 167.38. Sustained break there will pave the way to retest 175.41 high. On the downside, below 163.79 minor support […]
25/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6554; (P) 0.6588; (R1) 0.6610; More… AUD/USD is still bounded in consolidation from 0.6524 and intraday bias stays neutral at this point. With 0.6639 support turned resistance intact, further decline is expected. Firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper fall to this […]