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USD/CHF’s rally was rejected by near term falling channel last week and reversed from there. Immediate focus is now on 0.8956 support this week. Firm break there will argue that rebound from 0.8825 has completed and bring retest of this low. On the upside, break of 0.9049 will resume the rebound instead. In the bigger […]

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24/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.26; (P) 169.79; (R1)170.29; More… No change in EUR/JPY’s outlook. Further rise is mildly in favor despite loss of upside momentum. Rise from 164.01, as the second leg of the corrective pattern from 171.58, would target 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62. On the downside, break of 169.05 […]
20/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3309; (P) 1.3356; (R1) 1.3381; More… Intraday bias in USD/CAD stays on the downside for the moment. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the upside above 1.3408 minor resistance will turn intraday bias neutral again. But risk will stay on the downside […]
05/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 160.92; (P) 161.30; (R1) 161.66; More… Intraday bias in USD/JPY remains neutral for the moment and some more consolidations could be seen first. Further rally is expected as long as 160.25 minor support holds. Break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at […]