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USD/CHF dipped to 0.8819 last week as fall from 0.9223 tried to resumed, but recovered since then. Initial bias remains neutral this week first. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 […]

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17/03/2024

USD/CHF Weekly Outlook

USD/CHF’s strong rebound last week suggests that consolidation from 0.8884 has completed with three waves to 0.8728. Initial bias stays mildly on the upside this week for retesting 0.8891 resistance first. Firm break there will resume whole rally from 0.8332. Next target is 61.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8934. For now, […]
18/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… Further rally is expected in GBP/USD with 1.2937 minor support intact, despite some loss off upside momentum. Current t rise from 1.2298 should target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, […]
19/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3745; (P) 1.3765; (R1) 1.3788; More… Intraday bias in USD/CAD is turned neutral with current recovery. Corrective pattern from 1.3845 could extend lower. But downside should be contained by 1.3660 support to bring another rally. Break of 1.3845 will resume the whole rally from 1.3716 to 1.3976 key resistance. In the bigger […]