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Daily Pivots: (S1) 0.9416; (P) 0.9431; (R1) 0.9456; More… EUR/CHF’s rally from 0.9252 is still in progress and intraday bias stays on the upside. Sustained trading above 55 D EMA (now at 0.9449) will target 38.2% retracement of 1.0095 to 0.9252 at 0.9574. On the downside, though, break of 0.9357 minor support will turn bias […]

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EUR/USD Weekly Outlook

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07/09/2024

USD/CHF Weekly Outlook

USD/CHF tried to resume the fall from 0.9223 resumed last week after interim recovery. Initial bias stays on the downside this week for retesting 0.8332 low. Decisive break there will indicate larger down trend resumption. However, break of 0.8536 resistance will now confirm short term bottoming, and turn bias back to the upside for 0.8747 […]
02/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.80; (P) 194.20; (R1) 196.23; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current fall from 208.09 is in progress for 185.49 fibonacci level. On the upside, above 193.96 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, […]
30/11/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.24; (P) 161.75; (R1) 162.00; More…. EUR/JPY is extending the corrective fall from 164.29 and intraday bias remains on the downside. Deeper decline would be seen to 100% projection of 164.29 tot 161.22 from 163.77 at 160.63 and possibly below. But strong support should be seen from 159.75 resistance turned support to […]