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USD/CHF turned sideway after edging higher to 0.8611 last week. Initial bias stays neutral this week first and further rally is expected as long as 0.8529 minor support holds. Above 0.8611 will resume the rebound from 0.8374 short term bottom to 38.2% retracement of 0.9223 to 0.8374 at 0.8698. However, firm break of 0.8529 will […]

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19/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9095; (P) 0.9110; (R1) 0.9140; More…. Intraday bias in USD/CHF remains neutral for the moment and consolidation from 0.9151 could extend. But further rally is expected with 0.8996 support intact. Break of 0.9151 will resume larger rally from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will confirm short term topping, […]
28/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8377; (P) 0.8463; (R1) 0.8517; More…. Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9243 should target 138.2% projection of 0.9111 to 0.8665 from 0.8819 at 0.8203 next. On the upside, above 0.8438 minor resistance will turn intraday bias neutral first. But outlook will stay bearish […]
29/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.72; (P) 197.93; (R1) 198.96; More… Intraday bias in GBP/JPY remains neutral for consolidations above 195.84 temporary low. Further decline is expected as long as 202.08 support turned resistance holds. On the downside, sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is under […]