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Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… USD/CHF’s rise from 0.8374 is in progress and intraday bias stays on the upside for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be seen to 61.8% retracement […]

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18/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8790; (P) 0.8871; (R1) 0.8915; More… Intraday bias in USD/CHF stays on the downside as this point. Breach of 0.8825 support indicates that whole fall from 0.9223 is resuming. Deeper decline would be seen to 60% retracement of 0.8332 to 0.9223 at 0.8672 next. On the upside, above 0.8914 support turned resistance […]
01/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 142.21; (P) 143.07; (R1) 144.48; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, below 141.63 will target 139.57 low. But strong support could be seen again from 139.26 fibonacci level to bring rebound. On the upside, above 146.48 will resume the rebound from 139.57 to 38.2% retracement […]
25/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3546; (P) 1.3580; (R1) 1.3640; More… Focus stays on 1.612 resistance in USD/CAD. Decisive break there will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will be turned bearish for 1.3357 support first. […]