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Daily Pivots: (S1) 0.8545; (P) 0.8557; (R1) 0.8566; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current fall from 0.8713 is part of the larger down trend. Deeper decline should be seen to 0.8491 low, and then 0.8464 projection level. On the upside, above 0.8591 minor resistance will turn intraday bias […]

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USD/CHF Mid-Day Outlook

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02/12/2023

USD/CAD Weekly Outlook

USD/CAD’s decline from 1.3897 extend to as low as 1.3486 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 1.3378 support next, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399. Strong support could be seen there to bring rebound. Meanwhile, on […]
25/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0696; (P) 1.0721; (R1) 1.0760; More…. EUR/USD dips notably in early US session but stays in range above 1.0667. Intraday bias remains neutral at this point. Further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break of 1.0667 will target […]
08/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8988; (P) 0.9029; (R1) 0.9061; More…. USD/CHF recovers today but stays below 0.9094 resistance. Intraday bias remains neutral and more consolidations would be seen. Deeper decline cannot be ruled out, but outlook will stay bullish as long as 0.8884 resistance turned support holds. On the upside, break of 0.9094 will resume larger […]