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Daily Pivots: (S1) 1.3358; (P) 1.3387; (R1) 1.3442; More… GBP/USD’s rally continues today and hit as high as 1.3429 so far. Intraday bias stays on the upside for 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. On the downside, below 1.3331 minor support will turn intraday bias neutral and bring consolidations first, […]

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20/11/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9314; (P) 0.9341; (R1) 0.9376; More…. EUR/CHF rebounded after breaching 0.9305 support briefly and the development dampened the original bearish view. Intraday bias is turned neutral again. But still, risk will stay on the downside as long as 0.9444 resistance holds. Below 0.9303 will target a retest on 0.9209 low. In the […]
05/12/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2646; (P) 1.2684; (R1) 1.2737; More… Intraday bias in GBP/USD remains neutral for the moment. Recovery from 2.2486 could extend through 1.2749. But outlook will stay bearish as long as 55 D EMA (now at 1.2853) holds. Below 1.2615 minor support will turn intraday bias back to the downside for retesting 1.2486. […]
16/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8441; (P) 0.8494; (R1) 0.8544; More… Intraday bias in USD/CHF remains neutral at this point and further decline is expected with 0.8548 resistance intact. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish […]