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EUR/CHF’s steep decline last week indicates that rebound from 0.9416 has completed at 0.9683 already, after rejection by 0.9691 cluster resistance. Initial bias stays on the downside this week for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9543 minor resistance will delay the bearish case and […]

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09/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.92; (P) 158.30; (R1) 159.14; More…. Intraday bias in EUR/JPY remains at this point. Fall from 163.86 is in progress for retesting 154.40 low. Firm break there will resume whole decline from 175.41 to 153.15 support. On the upside, above 160.01 support turned resistance will turn intraday bias neutral first. In the […]
19/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9713; (R1) 0.9732; More… Intraday bias in EUR/CHF is back on the downside as fall from 0.9847 resumed. Sustained break of 38.2% retracement of 0.9252 to 0.9847 at 0.9620 will bring deeper fall to 61.8% retracement at 0.9479. On the upside, though, break of 0.9721 minor resistance will turn bias […]
25/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.63; (P) 147.54; (R1) 148.44; More… Intraday bias in USD/JPY remains neutral as consolidation from 148.79 is extending. As long as 145.97 support holds, further rally is in favor. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 key […]