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Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… No change in USD/CHF’s outlook as intraday bias stays on the downside. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. Sustained break there will pave the way to retest 0.8332 low. For now, risk will stay on the […]

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15/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0905; (P) 1.0957; (R1) 1.1044; More… EUR/USD failed to break through 1.1016 resistance and retreated notably in early US session. Intraday bias is turned neutral first. Some consolidations would be seen. But for now, outlook will stay cautiously bullish as long as 1.0722 support holds. On the upside, decisive break of 1.1016 […]
30/11/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8631; (P) 0.8647; (R1) 0.8657; More…. EUR/GBP’s break of 0.8648 support argues that corrective rebound from 0.8491 has completed at 0.8764 already. Intraday bias is now on the downside for 0.8614 support first. Firm break there will target a retest on 0.8491 low. On the upside, above 0.8682 minor resistance will turn […]
07/09/2024

AUD/USD Weekly Report

AUD/USD’s fall fro 0.6823 extended lower last week and the development indicates short term topping. After the late selloff on Friday, initial bias is now on the downside this week for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring […]