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Daily Pivots: (S1) 0.8373; (P) 0.8386; (R1) 0.8399; More… Intraday bias in EUR/GBP stays on the downside for the moment. Decline from 0.8737 is in progress and should should target 0.8314 support first, and then 0.8239 low. On the upside, above 0.8458 resistance should indicate short term bottoming, likely with bullish convergence condition in 4H […]

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27/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 171.11; (P) 171.45; (R1) 172.06; More… Intraday bias in EUR/JPY is back on the upside as recent rally resumed after brief consolidations. Sustained break of 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75 will target 100% projection at 174.38. On the downside, below 170.69 minor support will turn intraday bias […]
29/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0531; (P) 1.0551; (R1) 1.0575; More… Intraday bias in EUR/USD remains neutral and further decline is still in favor with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. Nevertheless, firm break of […]
11/05/2024

AUD/USD Weekly Report

AUD/USD turned into consolidation below 0.6645 last week. Initial bias stays neutral this week first, and more sideway trading could be seen. Further rise is in favor as long as 55 4H EMA (now at 0.6575) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA […]