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Daily Pivots: (S1) 0.8666; (P) 0.8685; (R1) 0.8700; More…. Intraday bias in USD/CHF stays neutral, with focus on 38.2% retracement of 0.9243 to 0.8332 at 0.8680, which coincides 55 D EMA (now at 0.8687). Decisive break there will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8565 minor support will turn […]

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01/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9007; (P) 0.9018; (R1) 0.9029; More…. Intraday bias in USD/CHF remains neutral at this point. Some more consolidations could be seen, but further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, price […]
13/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9755; (P) 0.9767; (R1) 0.9777; More… Intraday bias in EUR/CHF remains neutral for the moment. Outlook is unchanged that fall from 0.9835 is the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as long as 0.9835 resistance holds. Below 0.9728 will target 0.9563. But strong support […]
11/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.50; (P) 168.86; (R1) 169.42; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break […]