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USD/CHF extended the corrective pattern from 0.9200 last week. Initial bias stays neutral this week first. Further rise would remain in favor as long as 38.2% retracement of 0.8374 to 0.9200 at 0.8884 holds. On the upside, firm break of 0.9223 key resistance will carry larger bullish implication. However, sustained break of 0.8884 will indicate […]

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EUR/USD Weekly Outlook

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EUR/USD Daily Outlook

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11/11/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6533; (P) 0.6608; (R1) 0.6657; More… Intraday bias in AUD/USD remains neutral for the moment. For now, further rise is mildly in favor as long as 0.6551 short term bottom holds. Above 0.6687 will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, break of 0.6511 will resume the […]
08/12/2024

EUR/AUD Weekly Outlook

EUR/AUD’s strong rally last week argues that the near term trend might be reversing. Initial bias stays on the upside this week for 1.6598 resistance first. Decisive break there will confirm that whole fall from 1.7180 has complete with three waves down to 1.5963, and target a test on 1.7180 next. On the downside, break […]
09/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6535; (P) 1.6573; (R1) 1.6640; More… Intraday bias in EUR/AUD remains neutral as range trading continues. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for confirmation. Nevertheless, […]