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Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. USD/CHF is extending the consolidation above 0.8332 and intraday bias remains neutral. Also, outlook stays 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 0.8257 projection level. In the bigger picture, down trend […]

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GBP/JPY Daily Outlook

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06/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2763; (P) 1.2779; (R1) 1.2803; More….. Intraday bias in GBP/USD remains neutral at this point. As long as 1.2693 support holds, further rally is in favor. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of 1.2693 minor support will turn intraday bias to the […]
18/05/2024

USD/CAD Weekly Outlook

USD/CAD edged lower to 1.3589 last week but recovered. Initial bias remains neutral this week first. Further decline is in favor as long as 1.3689 resistance holds. Break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Also, sustained trading below 55 D EMA […]
11/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8754; (P) 0.8788; (R1) 0.8834; More…. USD/CHF’s rebound from 0.8665 short term bottom is still in progress. Intraday bias stays on the upside for 0.8886 support turned resistance first. Decisive break there will indicate that whole fall from 0.9243 has completed, and bring stronger rally to 0.9111 resistance next. On the downside, […]