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Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. No change in USD/CHF and intraday bias stays neutral. Consolidation from 0.8332 is extending. Stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 to […]

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20/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0744; (P) 1.0766; (R1) 1.0800; More… EUR/USD is extending the consolidation from 1.0694 and intraday bias stays neutral. . Further decline is in favor with 1.0804 resistance intact. On the downside, below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H MACD, above […]
04/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2615; (P) 1.2640; (R1) 1.2679; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise […]
16/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, near term outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 minor support will bring retest of 0.8332 low first. However, decisive break of 0.8665 will rise the change of larger […]