Sample Category Title

Daily Pivots: (S1) 0.8482; (P) 0.8502; (R1) 0.8523; More...

Intraday bias in EUR/GBP is turned neutral again with current recovery. Break of 0.8539 resistance will indicate that fall from 0.8737 has completed as a correction, after defending 55 D EMA (now at 0.8462). Intraday bias will be turned back to the upside for retest 0.8737 resistance. However, sustained trading below 55 D EMA will suggest that whole rise from 0.8221 has already complete and turn outlook bearish.

In the bigger picture, down trend from 0.9267 (2022 high) should have completed at 0.8221, just ahead of 0.9201 key support (2024 low). Rise from 0.8221 is likely reversing the whole fall. Further rise should be seen to 61.8% retracement of 0.9267 to 0.8221 at 0.8867 next. This will remain the favored case as long as 0.8472 resistance turned support holds. However, firm break of 0.8472 will argue that the down trend hasn't completed yet.

Daily Pivots: (S1) 1.7442; (P) 1.7533; (R1) 1.7679; More...

Intraday bias in EUR/AUD is turned neutral first with current recovery. On the upside, firm break of 1.7886 resistance will argue that fall from 1.8553 has completed as a correction at 1.7380. Intraday bias will be turned back to the upside for retesting 1.8554. However, sustained trading below 55 D EMA (now at 1.7428) will target 61.8% retracement at 1.6953.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress for 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7062 resistance turned support (2023 high) holds even in case of deep pullback.

Daily Pivots: (S1) 162.01; (P) 162.52; (R1) 163.13; More...

Intraday bias in EUR/JPY stays neutral at this point, and further rise remains mildly in favor. On the upside, above 164.61 will resume the rise from 154.77 to 100% projection of 154.77 to 164.16 from 158.27 at 167.66. However, sustained break of 161.68 will turn bias back to the downside for 158.27 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 190.50; (P) 191.09; (R1) 191.74; More...

Intraday bias in GBP/JPY remains neutral at this point. With 189.97 support intact, further rise is favor. Above 193.72 will resume the rally from 184.35 and target 195.95 resistance next. However, firm break of 189.97 will turn bias back to the downside for deeper decline.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 0.9278; (P) 0.9333; (R1) 0.9365; More....

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, above 0.9445 will resume the rebound from 0.9218, either as a corrective move or the third leg of the pattern from 0.9204. However, break of 0.9274 will suggest that that recovery has completed, and bring retest of 0.9204/18 support zone.

In the bigger picture, prior rejection by long-term falling channel resistance (now at 0.9555) retains medium term bearishness. That is, down trend from 1.2004 (2018 high) is still in progress. Firm break of 0.9204 (2024 low) will confirm resumption. This will remain the favored case as long as 0.9660 resistance holds.

Daily Pivots: (S1) 1.3789; (P) 1.3814; (R1) 1.3864; More...

Intraday bias in USD/CAD is neutral for the moment. Considering bullish convergence condition in 4H MACD, firm break of 1.3903 resistance should confirm short term bottoming at 1.3749, ahead of 1.3727 fibonacci level. Intraday bias will be back on the upside for 1.4150 cluster resistance (38.2% retracement of 1.4791 to 1.3749 at 1.4147).

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4150 resistance turned support holds. Firm break of 38.2% retracement of 1.2005 (2021 low) to 1.4791 at 1.3727 will pave the way back to 61.8% retracement at 1.3069.

Daily Pivots: (S1) 0.6392; (P) 0.6454; (R1) 0.6486; More...

Intraday bias in AUD/USD is turned neutral with current retreat. On the upside, above 0.6511 will resume the rise from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, considering bearish divergence condition in 4H MACD, break of 0.6364 support should confirm short term topping. Intraday bias will be turned back to the downside for 38.2% retracement of 0.5913 to 0.6511 at 0.6283.

In the bigger picture, as long as 55 W EMA (now at 0.6443) holds, the down trend from 0.8006 (2021 high) should resume later to 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. However, sustained trading above 55 W EMA will argue that a medium term bottom was already formed, and set up further rebound to 0.6941 resistance instead.

Daily Pivots: (S1) 142.81; (P) 143.40; (R1) 144.43; More...

Intraday bias in USD/JPY remains neutral for the moment. Rebound from 139.87 could extend through 145.90. But near term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds, in case of another bounce. On the downside, firm break of 141.96 will argue that rebound from 139.87 has completed as a corrective move. Retest of 139.87 should then be seen next in this case.

In the bigger picture, price actions from 161.94 are seen as a corrective pattern to rise from 102.58 (2021 low), with fall from 158.86 as the third leg. Strong support should be seen from 38.2% retracement of 102.58 to 161.94 at 139.26 to bring rebound. However, sustained break of 139.26 would open up deeper medium term decline to 61.8% retracement at 125.25.

Daily Pivots: (S1) 0.8192; (P) 0.8232; (R1) 0.8278; More….

USD/CHF breached 0.8196 support but quickly recovered. Intraday bias remains neutral first. On the upside, above 0.8333 will resume the rebound from 0.8038. However, upside should be limited by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. On the downside, firm break of 0.8196 will bring retest of 0.8038. Firm break there will resume larger down trend.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress and met 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.8079 already. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.8763) holds. Sustained break of 0.8079 will target 100% projection at 0.7382.

Daily Pivots: (S1) 1.1270; (P) 1.1324; (R1) 1.1356; More...

Intraday bias in EUR/USD remains neutral for the moment, as range trading continues. On the downside, below 1.1265 will resume the corrective fall from 1.1572 short term top. But downside should be contained by 38.2% retracement of 1.0176 to 1.1572 at 1.1039. On the upside, break of 1.1424 will suggest that the correction has completed and bring retest of 1.1572 high.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will now remain the favored case as long as 55 W EMA (now at 1.0808) holds.