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Daily Pivots: (S1) 0.8669; (P) 0.8694; (R1) 0.8731; More…. Break of 0.8272 resistance suggest that USD/CHF’s rebound from 0.8332 is resuming. Intraday bias is back on the upside. Further rally should be seen to 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. On the downside, below 0.8689 minor support will turn intraday bias neutral […]

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13/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8495; (P) 0.8523; (R1) 0.8539; More… No change in USD/CHF’s outlook with focus on 0.8536 resistance. Rejection by this resistance will retain near term bearishness. Break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition […]
06/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.68; (P) 147.03; (R1) 147.51; More… USD/JPY is still bounded in consolidation from 146.22 and intraday bias stays neutral for the moment. Further decline is expected as long as 148.50 resistance holds, even in case of stronger recovery. On the downside, firm break of 146.22 will resume the fall from 151.89 to […]
11/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8743; (P) 0.8764; (R1) 0.8797; More…. Range trading continues in USD/CHF and intraday bias stays neutral at this point. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain […]