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Daily Pivots: (S1) 0.8664; (P) 0.8695; (R1) 0.8710; More… Range trading continues in EUR/GBP and intraday bias remains neutral for the moment. On the downside, break of 0.8654 will resume the fall from 0.8750. Decisive break there will indicate bearish reversal and target 38.2% retracement of 0.8221 to 0.8750 at 0.8548. Nevertheless, on the upside, […]

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EUR/AUD Daily Outlook

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01/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3528; (P) 1.3545; (R1) 1.3560; More… Intraday bias in USD/CAD remains neutral as range trading continues. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook […]
27/07/2024

EUR/GBP Weekly Outlook

EUR/GBP’s recovery from 0.8382 extended higher last week but outlook will stay bearish as long as 0.8498 resistance holds. Initial bias remains neutral this week first. Firm break of 0.8382 will resume larger down trend. In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 key support (2022 […]
01/06/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation above 1.6211 short term bottom last week. Initial bias stays neutral this week and more sideway trading could be seen. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume […]