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Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… Intraday bias in USD/CHF remains neutral at this point. 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 will turn bias back to the […]

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EUR/USD Mid-Day Outlook

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12/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3714; (P) 1.3733; (R1) 1.3749; More… Intraday bias in USD/CAD remains neutral at this point. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near term bullishness. Further rise should be seen to retest 1.3946 high. However, sustained trading below 55 D EMA (now at 1.3726) will […]
24/07/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9665; (P) 0.9678; (R1) 0.9688; More…. EUR/CHF’s fall from 0.9772 resumed by breaking through 0.9641 support and intraday bias is back on the downside. Next target is 61.8% retracement of 0.9476 to 0.9772 at 0.9589. Sustained break there will target 0.9476 low. For now, risk will stay on the downside as long […]
15/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9319; (P) 0.9342; (R1) 0.9359; More… No change in EUR/CHF’s outlook as consolidation from 0.9252 is extending. Intraday bias remains neutral and outlook stays bearish with 0.9402 support turned resistance intact. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to 0.9416 from 0.9683 at […]