Sample Category Title

Daily Pivots: (S1) 0.9425; (P) 0.9440; (R1) 0.9460; More....

Intraday bias in USD/CHF remains on the upside and breach of 0.9459 resistance suggests resumption of whole rise form 0.9149. Further rise should be seen to 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591. On the downside, below 0.9408 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that whole down trend form 1.0342 (2016 high), has completed with three waves down to 0.8756. A medium term up trend should be set up to target 1.0237/0342 resistance zone.

Daily Pivots: (S1) 126.50; (P) 126.75; (R1) 127.25; More...

USD/JPY's up trend resumed after brief retreat and intraday bias is back on the upside. Current rally should target 130.04 long term projection level next. On the downside, below 126.78 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained by 125.09 resistance turned support to bring another rally.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 0.7327; (P) 0.7366; (R1) 0.7388; More...

AUD/USD's fall from 0.7660 resumed after brief recovery and intraday bias is back on the downside. Deeper fall would be seen back to 0.7164 support. On the upside, above 0.7492 minor resistance will turn bias back to the upside for 0.7660. Firm break there will resume larger rise from 0.6991 to retest 0.8006 high.

In the bigger picture, correction from 0.8006 could have completed at 0.6966, after drawing support from 0.6991. That is, up trend from 0.5506 (2020 low) might be ready to resume. Firm break of 0.8006 will target 61.8% projection of 0.5506 to 0.8006 from 0.6966 at 0.8511 next. This will remain the favored case as long as 0.7164 support holds.

Daily Pivots: (S1) 1.2594; (P) 1.2619; (R1) 1.2636; More...

USD/CAD recovered quickly after dipping to 1.2519 and intraday bias is turned neutral again. On the upside, break of 1.2675 will flip bias back to the upside for 1.2899 resistance instead. On the downside, below 1.2519 will bring retest of 1.2401 support.

In the bigger picture, focus stays on 38.2% retracement of 1.4667 (2020 high) to 1.2005 (2021 low) at 1.3022. Sustained break there should confirm that the down trend from 1.4667 has completed after defending 1.2061 long term cluster support. Further rise would then be seen towards 61.8% retracement at 1.3650. However, rejection by 1.3022 will maintain medium term bearishness. Break of 1.2005 will resume the down trend from 1.4667 and that carries larger bearish implications too.

Daily Pivots: (S1) 0.8274; (P) 0.8286; (R1) 0.8297; More...

EUR/GBP recovered after hitting 0.8248 and intraday bias is turned neutral first. Further decline is still expected as long a s0.8379 resistance holds. Below 0.82458 will target a retest on 0.82101 low. On the upside, however, above 0.8379 minor resistance will turn bias back to the upside. Further break of 0.8511 will reaffirm that 0.8201 is a medium term bottom, and target 0.8697 medium term fibonacci level next.

In the bigger picture, a medium term bottom should be in place at 0.8201, on bullish convergence condition in daily and weekly MACD. Rise from there could either be a correction to the down trend from 0.9499 (2020 high), or a medium term up trend itself. In either case, further rise should be seen to 38.2% retracement of 0.9499 to 0.8201 at 0.8697. Sustained break there will target 61.8% retracement at 0.9003. This will remain the favored case as long as 0.8294 support holds.

Daily Pivots: (S1) 1.4620; (P) 1.4651; (R1) 1.4697; More...

EUR/AUD is staying in consolidation from 1.4318 and intraday bias remains neutral. Outlook also stays bearish with 1.4940 resistance intact. On the downside, break of 1.4318 will resume larger down trend to 1.3624 long term support next. On the upside, however, firm break of 1.4940 will indicate short term bottoming and turn bias back to the upside for 1.5327 resistance instead.

In the bigger picture, fall from 1.9799 is seen as a long term impulsive move. Next target is 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). Some support could be seen there to bring interim rebound. But overall, break of 1.5354 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of recovery.

Daily Pivots: (S1) 1.0173; (P) 1.0187; (R1) 1.0201; More....

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, break of 1.0211 minor resistance will argue that pull back form 1.0400 has completed already. Intraday bias will be back on the upside for 1.0400 first. Break will resume whole rebound from 0.9970 towards 1.0610 resistance. On the downside, though, below 1.0086 will resume the fall towards 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 136.58; (P) 136.80; (R1) 137.15; More....

EUR/JPY's up trend resumes by taking out 137.50 resistance and intraday bias is back on the upside. Next target is 144.06 projection level. On the downside, below 136.42 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained above 134.33 support to bring rally resumption.

In the bigger picture, up trend from 114.42 (2020 low) is in progress. Sustained break of 137.49 (2018 high) will resume larger pattern from 109.30 (2016 low). Next target will be 100% projection of 114.42 to 134.11 from 124.37 at 144.06. In any case, outlook will now remain bullish as long as 124.37 support holds, in case of deep pull back.

DXY:

We see a potential for bearish dip from 1st resistance level of 100.973 in line with 138.2% Fibonacci extension and 78.6% Fibonacci projection towards the 1st support level of 99.434 in line with 50% Fibonacci retracement, along with a graphical pullback support. Alternatively, price might continue to rise to 2nd resistance level of 101.160 in line with 161.8% Fibonacci extension and 78.6% Fibonacci projection.

Areas of consideration:

• H4 time frame, 1st resistance at 100.973
• H4 time frame, 2nd resistance at 101.160
• H4 time frame, 1st support at 99.434

XAU/USD (GOLD):

We expect price to be on a bullish bounce from 1st support level of 1966.5 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection, along with a graphical pullback support towards the 1st resistance level of 2011.3 in line with 161.8% Fibonacci extension and 61.8% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku cloud indicator. Alternatively, price might break through the key support level and move down to the 2nd support level of 1949.1 in line with 50% Fibonacci retracement and a graphical pullback support.

Areas of consideration:

• H4 time frame, 1st Resistance at 2011.3
• H4 time frame, 1st Support at 1966.5
• H4 time frame, 2nd Support at 1949.1

GBP/USD:

On the H4 timeframe, we expect to see a potential for bullish bounce from 1st support level of 1.29958 in line with previous graphical swing low support towards the 2nd resistance level of 1.31603 in line with 61.8% Fibonacci projection. Alternatively, price might break through key support level as ichimoku cloud indicator shows that breaking 1st support level would trigger price to move down to 2nd support level of 1.29070 which lines up with 61.8% Fibonacci projection and 127.2% Fibonacci extension.

Areas of consideration:

• H4 1st resistance at 1.30482
• H4 2nd resistance at 1.31603
• H4 1st support at 1.29958
• H4 2nd support level at 1.29070

USD/CHF:

On the H4, we see the potential for bearish reversal from our 1st resistance at 0.94716 in line with 100% FIbonacci projection and 138.2% Fibonacci extension towards our 1st support at 0.93764 which is in line with a graphical pullback support. Alternatively, price might break through the key resistance level and head towards the 2nd resistance level of 0.94960 which lines up with 161.8% Fibonacci extension, 100% Fibonacci projection and -61.8% Fibonacci expansion.

Areas of consideration

• 1st support level at 0.93764
• 1st resistance level at 0.94716
• 2nd resistance level at 0.94960

EUR/USD :

On the H4 timeframe, price is near a key pivot. We see the potential for a bullish bounce from our 1st support level of 1.07627 in line with 61.8% Fibonacci projection towards our 2nd resistance level of 1.0938 in line with 38.2% Fibonacci retracement. Alternatively, price might break through key support level as ichimoku cloud indicator shows that breaking 1st support level would trigger price to move down to 2nd support level of 1.06395 which is a horizontal swing low and also shown price stretches back to March 2020 low.

Areas of consideration :

• H4 1st resistance at 1.08183
• H4 2nd resistance at 1.09368
• H4 1st support at 1.07627
• H4 2nd support at 1.06395

USD/JPY:

We expect price to have a bearish reversal from 1st resistance level of 127.790 in line with 161.8% fibonacci extension towards the 1st support level of 125.072 in line with graphical pullback support. Our bearish bias is further supported by bearish divergence and RSI signalling that there is a high probability that price might reverse.

Areas of consideration:

• H4 time frame, 1st resistance at 127.790
• H4 time frame, 1st support at 125.072
• H4 time frame, 2nd support at 123.453

AUD/USD:

On the H4 timeframe, we see the potential for a bullish bounce from our 1st support level at 0.73294 in line with 61.8% Fibonacci retracement, 161.8% Fibonacci extension and -27.2% expansion towards our 1st resistance level at 0.74019 in line with 23.6% Fibonacci retracement. Alternatively, price might break through the key support level and continue to dip to 2nd support level of 0.72745 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection.

Areas of consideration

• H4 1st resistance at 0.74019
• H4 1st support at 0.73294
• H4 2nd support at 0.72745

NZD/USD:

On the H4, we expect to see a potential for a bullish bounce from our 1st support level of 0.67208 in line with 78.6% Fibonacci projection, -27.2% Fibonacci expansion and 138.2% Fibonacci extension towards our 1st resistance level of 0.68078 in line with 23.6% Fibonacci retracement. Alternatively, price might continue to dip to 2nd support level of 0.66789 in line with 100% Fibonacci projection.

Areas of consideration:

• H4 time frame, 1st support at 0.67208
• H4 time frame, 2nd support at 0.66789
• H4 time frame, 1st resistance at 0.68078

USD/CAD:

We are expecting a bullish bounce to occur from 1st support level of 1.25391 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st resistance level of 1.26588 in line with 50% Fibonacci retracement. Our bullish bias is further supported by price trading above ichimoku cloud. Alternatively, price might break through the key support level and move down to the 2nd support level of 1.24649 in line with 78.6% Fibonacci retracement and -27.2% Fibonacci expansion.

Areas of consideration:

• H4 time frame, 1st resistance at 1.27092
• H4 time frame, 2nd resistance at 1.27092
• H4 time frame, 1st support at 1.25391
• H4 time frame, 2nd support at 1.24649

OIL:

Price is near to the pivot level. We can see a potential for a bearish reversal from 1st resistance level of 109.02 lines up with 61.8% Fibonacci retracement, 127.2% Fibonacci extension and 61.8% Fibonacci projection towards the 1st support level of 98.32 lines up with 61.8% retracement and 78.6% Fibonacci projection. Our bearish bias is further supported by bearish divergence and RSI showing how price is going to reverse. Alternatively, price might break the key resistance level and continue to rise to the 2nd resistance level of 111.73 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection.

Areas of consideration:

• H4 time frame, 1st resistance of 109.02
• H4 time frame, 2nd resistance of 111.73
• H4 time frame, 1st support of 98.32

Dow Jones Industrial Average:

Price is near to the pivot level. We can see a potential for a bullish momentum from 1st support level of 34174 lines up with 38.2% fibonacci retracement, along with a pullback support towards the 1st resistance level of 34960 lines up with previous graphical swing high resistance. Alternatively, price might break key support level and drop towards the 2nd support level of 33436 in line with 61.87% Fibonacci retracement.

Areas of consideration :

• H4 time frame, 1st resistance at 34960
• H4 time frame, 1st support at 34174
• H4 time frame, 2nd support at 33436

Daily Pivots: (S1) 164.78; (P) 165.10; (R1) 165.56; More...

GBP/JPY's up trend continues today and hits as high as 166.38 so far. Intraday bias remains on the upside for 61.8% projection of 150.96 to 164.61 from 159.02 at 167.46 (which is close to 167.93 long term fibonacci level). Break will pave the way to 100% projection at 172.68. On the downside, below 164.61 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, up trend from 123.94 (2020 low) is still in progress, and notable support from 55 week EMA affirms medium term bullishness. Next target is 61.8% retracement of 195.86 (2015 high) to 122.75 (2016 low) at 167.93. Sustained break there will be a long term bullish signal, and could pave the way back to 195.86. This will now remain the favored case as long as 150.95 support holds.