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Daily Pivots: (S1) 162.04; (P) 162.51; (R1) 163.11; More… Intraday bias in EUR/JPY remains neutral at this point. Above 163.35 minor resistance will suggest that fall from 165.19 has completed as a correction, and rise from 154.77 is still in progress. Intraday bias will be turned back to the upside for 165.19 next. On the […]

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05/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8867; (P) 0.8919; (R1) 0.8954; More…. Immediate focus is now on 0.8883 fibonacci level as USD/CHF’s fall from 0.9223 extended. Sustained break there will carry larger bearish implications. Nevertheless, strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain […]
15/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6596; (P) 1.6648; (R1) 1.6748; More… Intraday bias in EUR/AUD remains neutral as range trading continues. Outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up trend to 1.7715 fibonacci projection level next. However, […]
19/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3658; (P) 1.3698; (R1) 1.3717; More… USD/CAD’s decline from 1.3946 continues today and intraday bias stays on the downside for 1.3588 support. On the upside, above 1.3737 minor resistance will turn intraday bias back to the upside for stronger recovery. In the bigger picture, price actions from 1.3976 (2022 high) are viewed […]