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Daily Pivots: (S1) 0.9439; (P) 0.9463; (R1) 0.9480; More… Intraday bias in EUR/CHF stays neutral at this point, as consolidation from 0.9402 might extend further. Overall outlook stays bearish as long as 0.9543 resistance holds. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. In the bigger picture, medium term outlook […]

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USD/JPY Daily Outlook

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18/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.32; (P) 160.81; (R1) 161.71; More… Intraday bias in EUR/JPY remains on the upside at this point. Current rise from 153.15 is in progress for 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, which is close to 164.29 high. On the downside, below 160.03 minor support will turn intraday bias […]
09/12/2023

EUR/USD Weekly Outlook

EUR/USD’s fall from 1.1016 extended to as low as 1.0722 last week. Initial bias stays on the downside this week first. Sustained trading below 55 D EMA (now at 1.0770) will pave the way to retest 1.0447 support. On the upside, above 1.0816 minor resistance will turn intraday bias neutral first. In the bigger picture, […]
30/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8610; (P) 0.8647; (R1) 0.8678; More…. USD/CHF is still bounded in tight range and intraday bias stays neutral. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, […]