Sample Category Title

Daily Pivots: (S1) 124.68; (P) 125.08; (R1) 125.34; More....

Intraday bias in EUR/JPY remains neutral with focus on 124.36 minor support. Firm break there will argue that the rebound from 118.62 has completed and turn bias to the downside for retesting 118.62 low. On the upside, in case of another rise, we'd stay cautious on strong resistance from 55 day EMA (now at 126.07) to limit upside.

In the bigger picture, medium term rebound from 109.03 (2016 low) has completed at 137.49 already, with corrective structure. Fall from 137.39 is possibly just the second leg of the corrective pattern from 109.03. Break of 133.12 resistance should start the third leg to 137.49 and above. Nevertheless, break of 118.62 will resume the decline from 137.49 for 109.03/114.84 support zone instead.

Pivot (invalidation): 2714.75

Our preference Long positions above 2714.75 with targets at 2753.00 & 2774.25 in extension.

Alternative scenario Below 2714.75 look for further downside with 2697.75 & 2675.50 as targets.

Comment The RSI is mixed to bullish.

Daily Pivots: (S1) 0.8768; (P) 0.8794; (R1) 0.8816; More...

EUR/GBP is losing some upside momentum as seen in 4 hour MACD. But with 0.8726 minor support intact, further rise is mildly in favor. Firm break of 38.2% retracement of 0.9101 to 0.8617 at 0.8802 will target 61.8% retracement at 0.8916. On the downside, break of 0.8726 minor support will turn bias back to the downside for 0.8617/20 support instead.

In the bigger picture, EUR/GBP is seen as staying in long term range pattern started at 0.9304 (2016 high). The medium term range is set between 0.8620 and 0.9101. Downside breakout of 0.8620 will pave the way back to 0.8312 support . Break of 0.9101 will bring retest of 0.9304/5 resistance.

Pivot (invalidation): 11265.00

Our preference Long positions above 11265.00 with targets at 11370.00 & 11395.00 in extension.

Alternative scenario Below 11265.00 look for further downside with 11206.00 & 11148.00 as targets.

Comment Investors have to remain cautious since these levels may trigger profit taking.

Pivot (invalidation): 5.2080

Our preference Long positions above 5.2080 with targets at 5.2330 & 5.2420 in extension.

Alternative scenario Below 5.2080 look for further downside with 5.1910 & 5.1790 as targets.

Comment The RSI calls for a new upleg.

Daily Pivots: (S1) 1.5817; (P) 1.5907; (R1) 1.6075; More....

Intraday bias in EUR/AUD remains neutral with focus on 1.6038 resistance. Decisive break there will confirm completion of fall from 1.6765 at 1.5721. In such case, intraday bias will be turned back to the upside for retesting 1.6765. On the downside, break of 1.5721 will extend the decline to 1.5346 support instead.

In the bigger picture, the failure to sustain above 1.6587 key resistance (2015 high) argues that up trend from 1.1602 (2012 low) is not ready to resume yet. But still, as long as 1.5346 support holds, outlook will remain bullish. Break of 1.6765 will target 61.8% retracement of 2.1127 (2008 high) to 1.1602 at 1.7488 next. However, firm break of 1.5346 key support will indicate trend reversal, with bearish divergence condition in weekly MACD, and turn outlook bearish.

Pivot (invalidation): 0.7130

Our preference Short positions below 0.7130 with targets at 0.7090 & 0.7060 in extension.

Alternative scenario Above 0.7130 look for further upside with 0.7155 & 0.7180 as targets.

Comment The RSI calls for a new downleg.

Pivot (invalidation): 1.3205

Our preference Long positions above 1.3205 with targets at 1.3265 & 1.3285 in extension.

Alternative scenario Below 1.3205 look for further downside with 1.3170 & 1.3155 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 1.0010

Our preference Long positions above 1.0010 with targets at 1.0035 & 1.0055 in extension.

Alternative scenario Below 1.0010 look for further downside with 0.9990 & 0.9975 as targets.

Comment The RSI is bullish and calls for further advance.

Daily Pivots: (S1) 1.1380; (P) 1.1396; (R1) 1.1407; More...

Intraday bias in EUR/CHF remains neutral for consolidation below 1.1444 temporary low. Downside of retreat should be contained by 1.1347 resistance turned support to bring another rally. On the upside, break of 1.1444 will resume the rebound from 1.1181 to retest 1.1501 key resistance. However, sustained break of 1.1347 will argue that the rebound has completed and turn bias back to the downside instead.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone to complete it and bring rebound. Decisive break of 1.1501 (38.2% retracement of 1.2004 to 1.1173 at 1.1490) will confirm completion of the correction, on bullish convergence condition in daily MACD, with double bottom pattern (1.1173, 1.1181) Further rise should be seen to 61.8% retracement at 1.1687 and above next.