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While EUR/JPY’s correction from 161.84 extended to 158.06, it drew some support from 158.55 and near term rising channel and rebounded. Initial bias remains neutral this week first. On the upside, firm break of 160.25 will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. […]

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EUR/USD Weekly Outlook

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12/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8955; (P) 0.8974; (R1) 0.8996; More…. USD/CHF falls sharply after rejection by 0.8987 support turned resistance and 55 4H EMA. But it;s staying above 0.8880/3 support zone so far. Intraday bias remain neutral first. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. […]
06/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6523; (P) 0.6573; (R1) 0.6601; More… AUD/USD’s breach of 0.6570 support suggests that a short term top was formed at 0.6689, after rejection by falling channel resistance. Intraday bias is now mildly on the downside for 55 D EMA (now at 0.6488). For now, risk is mildly on the downside as long […]
20/04/2024

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.9151 last week but turned sideway since then. Initial bias stays neutral this week for more consolidations. But further rally is expected as long as 0.8996 support holds. Break of 0.9151 will resume the larger rise from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will turn bias to the […]