Category: Daily Outlook

AUD/USD Weekly Outlook

AUD/USD edged higher to 0.8006 last week but dropped sharply from there. With a short term top in place, initial bias is mildly on the downside this week for deeper pull back. But outlook will remain bullish as long as 0.7563 support holds. On the upside, above 0.7844 minor resistance will turn bias to the […]

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8756 resumed by taking out 0.9044 resistance last week. initial bias is now on the upside this week for 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. Break there will target 0.9181 support turned resistance. On the downside, through, break of 0.9025 minor support will turn bias neutral again […]

USD/JPY Weekly Outlook

USD/JPY’s rise form 102.58 resumed last week by breaking through 106.21. Initial bias stays on the upside this week for 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 105.84 minor support will turn intraday bias neutral […]

EUR/USD Weekly Outlook

EUR/USD rose to 1.2242 last week but reversed from there. The development suggests that rebound from 1.1951 has completed as the second leg of the corrective pattern from 1.2348. Initial bias remains on the on the downside this week. Break of 1.2022 support should confirm the start of the third leg, towards 100% projection of […]

GBP/USD Weekly Outlook

GBP/USD rose further to as high as 1.4240 last week but retreated since then. Initial bias stays neutral this week for more consolidations first. Further rally is expected as long as 1.3828 support holds. Break of 1.4240 will extend the up trend from 1.1409 to 1.4376 long term resistance and then 100% projection of 1.1409 […]

USD/JPY Daily Outlook

Daily Pivots: (S1) 105.92; (P) 106.16; (R1) 106.48; More.. Break of 106.21 resistance suggests resumption of whole rebound from 102.58. Intraday bias is back on the upside. Further rally could be seen to 61.8% retracement of 111.71 to 102.58 at 108.22. However, break of 104.91 support will argue that the rebound has completed, and turn […]

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0987; (P) 1.1043; (R1) 1.1071; More…. EUR/CHF surged to as high as 1.1096, but failed to sustain above 1.1059/76 long term cluster resistance. Intraday bias is turned neutral first. Some consolidations could be seen but further rally is in favor as long as 1.0915 resistance turned support holds. Sustained break of 1.1059/76 […]

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5319; (P) 1.5399; (R1) 1.5545; More… Intraday bias in EUR/AUD is turned neutral for some consolidations first. While stronger rebound cannot be ruled out, outlook will stay bearish as long as 1.5945 resistance holds. Break of 1.5250 will resume the larger down trend from 1.9799. In the bigger picture, price actions from […]

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8624; (P) 0.8661; (R1) 0.8724; More… EUR/GBP’s break of 0.8653 minor resistance indicates short term bottoming at 0.8537, just ahead of 161.8% projection of 0.9291 to 0.8861 from 0.9229 at 0.8533. Intraday bias is back on the upside for 55 day EMA (now at 0.8832). For now, risk will be mildly on […]

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3947; (P) 1.4065; (R1) 1.4129; More…. No change in GBP/USD’s outlook as it’s staying above 1.3828 support despite the steep retreat from 1.4249. Intraday bias remains neutral first and more consolidative trading could be seen. Further rally remains in favor. On the upside, break of 1.4240 will resume larger rise from 1.1409 […]