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Daily Pivots: (S1) 1.3538; (P) 1.3565; (R1) 1.3602; More… Intraday bias in USD/CAD remains mildly on the upside for the moment. Rebound from 1.3148 is in progress for 38.2% retracement of 1.3946 to 1.3418 at 1.3505. Decisive break there will target 61.8% retracement at 1.3559 next. On the downside, however, break of 1.3516 minor support […]

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EUR/CHF Daily Outlook

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25/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9372; (P) 0.9410; (R1) 0.9430; More… EUR/CHF’s break of 0.9404 minor support suggests rejection by 55 D EMA (now at 0.9447). Intraday bias is back on the downside for deeper pull back. But downside should be contained above 0.9252 low to bring rebound. On the upside, above 0.9471 will resume the rebound […]
11/11/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8283; (P) 0.8305; (R1) 0.8317; More… EUR/GBP’s decline accelerates lower today and intraday bias stays on the downside for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8324 minor resistance will turn intraday bias neutral first. But outlook will […]
19/10/2024

AUD/USD Weekly Report

AUD/USD edged lower to 0.6657 last week but recovered since then. Initial bias stays neutral this week for some more consolidations. Further decline is expected as long as 0.6758 resistance holds. Below 06657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of 0.6758 will suggest that pullback from 0.6941 has […]