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Daily Pivots: (S1) 0.9388; (P) 0.9407; (R1) 0.9425; More… Intraday bias in EUR/CHF is mildly on the downside at this point. Deeper pullback could be seen but downside should be contained above 0.9252 low to bring rebound. On the upside, above 0.9471 will resume the rebound from 0.9252, as a correction to whole decline from […]

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05/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6422; (P) 1.6473; (R1) 1.6531; More… Intraday bias in EUR/AUD stays neutral for the moment. With 1.6580 resistance intact, fall from 1.7180 is still in favor to continue. On the downside, break of 1.6256 support will target 1.5996 key support level next. However, decisive break of 1.6580 will turn bias back to […]
02/12/2023

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9243 continued to as low as 0.8675 last week, and there is no clear sign of bottoming yet. Initial bias remains on the downside this week for 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is close to 0.8551 low. Considering bullish convergence condition in 4H MACD, strong support […]
12/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2993; (P) 1.3052; (R1) 1.3103; More… Intraday bias in GBP/USD stays mildly on the downside at hits point. Fall from 1.3265 short term top is in progress for 55 D EMA (now at 1.2949). Sustained break there will bring deeper fall to 1.2664 key support. On the upside, above 1.3111 minor resistance […]