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Daily Pivots: (S1) 1.1759; (P) 1.1775; (R1) 1.1796; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.1829. Downside should be contained by 1.1630 resistance turned support to bring rebound. Firm break of 1.1829 will resume the rise from 1.0176 and target 61.8% projection of 1.0176 to 1.1572 from 1.1064 […]

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06/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6723; (P) 0.6732; (R1) 0.6751; More… Intraday bias in AUD/USD remains neutral at this point. On the downside, below 0.6685 will extend the decline from 0.6823 short term top to 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above 0.6750 support […]
10/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2688; (P) 1.2750; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral at this point and outlook is unchanged. . Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of […]
17/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.73; (P) 157.50; (R1) 158.23; More… Intraday bias in USD/JPY is turned neutral first with current retreat. Further rally would remain in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high. But upside should be limited there, at least on first […]