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GBP/USD’s rally from 1.2099 resumed last week and the development argues that fall from 1.3433 has already completed. Initial bias stays on the upside this week. Sustained break of 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will pave the way back to 1.3433 high. On the downside, below 1.2865 minor support will turn intraday […]

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03/03/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6660; (P) 1.6717; (R1) 1.6768; More… Intraday bias in EUR/AUD stays on the upside for the moment. As noted before, consolidation from 1.6800 should have already completed with three waves down to 1.6355. Firm break of 1.6800 resume the rise from 1.5963 to 61.8% projection of 1.5963 to 136800 from 1.6355 at […]
09/12/2023

EUR/CHF Weekly Outlook

EUR/CHF fell further to 0.9402 last week but recovered after breaching 0.9407 support briefly. Initial bias remains neutral this week for some consolidations first. But further fall is expected as long as 0.9543 resistance holds. Decisive break of 0.9407 will resume larger down trend. In the bigger picture, medium term outlook remains bearish as long […]
17/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… Intraday bias in EUR/SD is turned neutral with current retreat. Some consolidations would be seen but further rally is expected as long as 1.0765 support holds. Break of 1.0894 will resume the rise fro 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall […]