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EUR/CHF stayed in consolidation below 0.9630 last week and outlook is unchanged. Initial bias remains neutral this week first. Another dip cannot be ruled out, but outlook will stay bullish as long as 0.9510 support holds. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to […]

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EUR/USD Weekly Outlook

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07/07/2024

USD/CHF Weekly Outlook

USD/CHF’s rally was rejected by near term falling channel last week and reversed from there. Immediate focus is now on 0.8956 support this week. Firm break there will argue that rebound from 0.8825 has completed and bring retest of this low. On the upside, break of 0.9049 will resume the rebound instead. In the bigger […]
25/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 158.95; (P) 159.43; (R1) 160.11; More… Intraday bias in USD/JPY remains neutral for the moment. Further rise will remain in favor as long as 157.70 resistance turned support holds. Sustained break of 106.20 and 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will confirm long term up trend resumption, and […]
02/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3381; (P) 1.3413; (R1) 1.3468; More… USD/CAD recovered after dipping to 1.3357 and intraday bias is turned neutral. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 has completed at 1.3540, and target this low for resuming whole fall from 1.3897. On the upside, however, break of […]