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Daily Pivots: (S1) 0.8666; (P) 0.8720; (R1) 0.8820; More… USD/CHF’s rally is still in progress and intraday bias stays on the upside. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899 next. For now, near term outlook will stay bullish as long as 0.8614 support holds, in case of retreat. […]

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15/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.71; (P) 148.04; (R1) 148.63; More… USD/JPY’s break of 148.29 minor resistance argues that fall from 150.87 is merely a correction, and has completed at 146.47. Intraday bias is back on the upside for retesting 150.87. Nevertheless, on the downside, break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue […]
04/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0888; (P) 1.0927; (R1) 1.0960; More… Intraday bias in EUR/USD stays on the downside at this point. Fall from 1.1138 short term top is in progress for 1.0772 support. Sustained break there will argue that whole rise from 1.0447 has completed, and break deeper fall back to this support. On the upside, […]
02/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0771; More…. Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should be seen back to 1.0915 resistance. However, break of 1.0665 will resume larger down trend through […]