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Daily Pivots: (S1) 0.8646; (P) 0.8662; (R1) 0.8674; More… Intraday bias in USD/CHF is turned neutral as a temporary top is formed at 0.8685, ahead of 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Considering bearish divergence condition in 4H MACD, firm break of 0.8629 support will indicate short term topping, and turn bias back […]

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AUD/USD Daily Report

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USD/JPY Daily Outlook

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20/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2695; (P) 1.2717; (R1) 1.2742; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. In […]
04/05/2024

USD/CHF Weekly Outlook

Despite edging higher initial to 0.9223 last week, USD/CHF was rejected by 0.9243 key resistance and fell sharply since then. Initial bias stays on the downside this week. Sustained break of 55 D EMA (now at 0.8989) will bring deeper fall to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the upside, above 0.9087 […]
20/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.70; (P) 142.82; (R1) 143.76; More… Intraday bias in USD/JPY stays mildly on the upside for the moment. Rebound from 139.57 short term bottom should target 55 D EMA (now at 147.37), and possibly further to 38.2% retracement of 161.94 to 139.57 at 148.11. For now, risk will stay on the upside […]