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Daily Pivots: (S1) 1.3651; (P) 1.3691; (R1) 1.3730; More… Intraday bias in USD/CAD remains neutral at this point. Overall, price actions from 1.3538 are seen as a corrective pattern, which is now in its third leg. Stronger rise could be seen and above 1.3728 will target 1.3797 resistance and probably above. On the downside, break […]

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12/10/2024

EUR/AUD Weekly Outlook

EUR/AUD rose to 1.6351 last week but subsequent break of 55 4H EMA suggest that the recovery has completed. Initial bias is back on the downside this week for retesting 1.6002 low. On the upside, though, above 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452. In the bigger […]
02/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. Further decline is expected in EUR/USD as long as 1.0869 resistance holds. Current development suggests that rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should be seen to 1.0665 support. Firm break there will target 1.0601 support next. In the bigger […]
29/04/2025

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8478; (P) 0.8512; (R1) 0.8529; More… EUR/GBP’s break of 0.8737 suggests that deeper pullback is underway. Intraday bias is back on the downside for 55 D EMA (now at 0.8448). Sustained break there will argue that whole rebound from 0.8221 has completed and turn near term outlook bearish. On the upside, though, […]