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Daily Pivots: (S1) 1.2715; (P) 1.2769; (R1) 1.2807; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2892 short term top would target 55 D EMA (now at 1.2673). Sustained break there will target 1.2517 structural support next. For now, risk will stay mildly on the downside as long […]

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06/04/2024

USD/JPY Weekly Outlook

USD/JPY dipped to 150.80 last week but quickly recovered. Initial bias remains neutral this week first. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.56). On the upside, however, sustained break of 151.93 key resistance will confirm long term up […]
10/08/2024

EUR/CHF Weekly Outlook

EUR/CHF rebounded strongly after initial dive to 0.9209 last week. But upside is limited by 0.9476 support turned resistance so far. Near term outlook remains bearish for now. On the downside, break of 0.9354 minor support will turn bias back to the downside for retesting 0.9209 low first. On the upside, however, sustained break of […]
10/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9796; (P) 0.9817; (R1) 0.9830; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9847 is extending. Near term outlook will stay bullish as long as 0.9709 support holds. Break of 0.9847 will resume larger rise from 0.9252. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm […]