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Daily Pivots: (S1) 1.3837; (P) 1.3851; (R1) 1.3864; More… A temporary top is in place with current retreat and intraday bias in USD/CAD is turned neutral first. Further rally is expected as long as 1.3796 support holds. Rise from 1.3176 should be resuming and next target is 61.8% projection of 1.3176 to 1.3845 from 1.3588 […]

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EUR/USD Daily Outlook

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06/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8721; (P) 0.8743; (R1) 0.8773; More…. Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is […]
07/07/2024

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8498 last week, but failed to break through 55 D EMA (now at 0.8500) and retreated. Initial bias remains neutral this week first. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On […]
09/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9016; (P) 0.9041; (R1) 0.9079; More…. Intraday bias in USD/CHF remains neutral for the moment, and some more consolidations should be seen. Deeper decline cannot be ruled out, but outlook will stay bullish as long as 0.8884 resistance turned support holds. On the upside, break of 0.9094 will resume larger rise from […]