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AUD/USD’s rally contained last week and hit as high as 0.6936. Initial bias is on the upside this week. Firm break of 0.6941 will pave the way to 100% projection of 0.6348 to 0.6823 from 0.6621 at 0.7096. On the downside, below 0.6817 support will turn intraday bias neutral first. In the bigger picture, overall, […]

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USD/JPY Mid-Day Outlook

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13/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9048; (P) 0.9066; (R1) 0.9084; More…. USD/CHF is staying above 0.9005 support despite today’s dip and intraday bias remains neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9082) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9006) will […]
22/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9873; (P) 0.9884; (R1) 0.9897; More…. Intraday bias in EUR/CHF is turned neutral first as it continued to lose upside momentum ahead of 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899. Further rally is expected as long as 0.9835 resistance turned support holds. Firm break of 0.9899 will pave the […]
12/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.93; (P) 153.44; (R1) 154.25; More… USD/JPY is staying in range below 154.70 and intraday bias remains neutral. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will indicate […]