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AUD/USD’s fall from 0.6798 accelerated to as low as 0.6513 last week but recovered after breaching 61.8% retracement of 0.6361 to 0.6798 at 0.6528 briefly. Initial bias remains neutral this week for consolidations. Further fall is expected as long as 55 4H EMA (now at 0.6631) holds. Sustained break oft 0.6528 will pave the way […]

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23/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9667; (P) 0.9679; (R1) 0.9700; More…. EUR/CHF is staying in consolidations above 0.9641 temporary low and intraday bias remains neutral. Strong bounce from current level will maintain near term bullishness. Break of 0.9972 will resume the rally from 0.9772. However, firm break of 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will […]
17/08/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8431 extended to 0.8747 last week, but failed to sustain above 38.2% retracement of 0.9223 to 0.8431 at 0.8734 and retreated. Initial bias remains neutral this week first. On the upside, sustained break of 0.8734 will extend to 61.8% retracement at 0.8920, even as a corrective move. On the downside, break of […]
16/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9737; (P) 0.9756; (R1) 0.9777; More…. EUR/CHF’s rise from 0.9476 is in progress and further rally is expected with 0.9677 support holds, to retest 0.9928 high. On the downside, however, break of 0.9677 will turn bias to the downside for deeper pullback. In the bigger picture, rebound from 0.9252 medium term bottom […]