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Daily Pivots: (S1) 0.8743; (P) 0.8764; (R1) 0.8797; More…. Intraday bias in USD/CHF remains neutral for the moment. 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 near term bullishness. Further […]

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13/07/2024

USD/CAD Weekly Outlook

USD/CAD edged lower to 1.3588 last week but recovered after hitting 1.3589 support. Initial bias remains neutral this week first. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 and target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. […]
03/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.83; (P) 192.65; (R1) 193.98; More… Intraday bias in GBP/JPY stays mildly on the upside as rebound from 180.00 is in progress. Further rally would be seen to 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break […]
08/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8447; (P) 0.8512; (R1) 0.8568; More…. Intraday bias in USD/CHF remains neutral for the moment. While recovery from 0.8332 short term bottom could extend higher, outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 projection […]