Month: August 2024

For the month of August, I have my eyes set on three pairs for my swing trading opportunities during the course of the month. Asides these three, most of my other trade ideas will be Read more…

The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY. Yesterday, the Bank of Japan raised interest rates to levels not seen in the past Read more…

Daily Pivots: (S1) 190.80; (P) 194.20; (R1) 196.23; More… GBP/JPY’s fall from 208.09 continues today and intraday bias stays on the downside. Current decline is a larger scale correction and should target 185.49 fibonacci level. Read more…

Daily Pivots: (S1) 160.76; (P) 163.65; (R1) 165.29; More… EUR/JPY’s fall from 175.41 is in progress and intraday bias remains on the downside. This decline should be a larger scale correction and should target 155.91 Read more…

Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidation from 0.8382 might extend with stronger recovery. But outlook continues to stay bearish with 0.8498 resistance Read more…

Daily Pivots: (S1) 1.6482; (P) 1.6592; (R1) 1.6659; More… Further rise is expected in EUR/AUD with 1.6491 support intact. As noted before, corrective fall from 1.7062 should have completed with three waves down to 1.5998. Read more…

Daily Pivots: (S1) 0.9480; (P) 0.9522; (R1) 0.9549; More…. EUR/CHF’s fall from 0.9928 resumed by breaking through 0.9476 support. Intraday bias is now on the downside. Further decline should be seen to 100% projection of Read more…

Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. Intraday bias in EUR/USD remains neutral for consolidation above 1.0797 temporary low. Further decline decline is expected with 1.0869 resistance intact. Sustained break of 55 D Read more…

Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s fall from 161.94 is still in progress and hit 148.66 fibonacci level already. Strong support could be seen from the current level, which is close Read more…

Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… GBP/USD’s fall from 1.3043 continues today despite slightly weak downside momentum as seen in 4H MACD. Decisive break of 55 D EMA (now at 1.2782) will Read more…