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Daily Pivots: (S1) 0.8518; (P) 0.8563; (R1) 0.8626; More… Intraday bias in USD/CHF is turned neutral with current retreat and some consolidations would be seen. Further rise is in favor as long as 0.8499 minor support holds. Above 0.8606 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that […]

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22/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.17; (P) 162.41; (R1) 162.86; More… EUR/JPY’s rally is in progress and intraday bias stays on the upside. Current rise from 153.15 is in progress for retesting 164.29 high. On the downside, however, below 161.93 minor support will turn intraday bias neutral and bring consolidations, before staging another rally. In the bigger […]
13/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.56; (P) 157.04; (R1) 157.55; More…. Intraday bias in EUR/JPY remains neutral and further decline is expected as long as 160.01 support turned resistance holds. Below 155.45 will bring retest of 154.40 low. Firm break there will resume whole decline from 175.41 to 153.15 support. In the bigger picture, price actions from […]
23/10/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3805; (P) 1.3825; (R1) 1.3835; More… USD/CAD’s from 1.3418 is extending in early US session. Intraday bias stays on the upside for retest of 1.3946/76 key resistance zone. Strong resistance might be seen there to limit upside. However, break of 1.3746 support is needed to confirm short term topping. Otherwise, further rise […]