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GBP/USD’s decline last week indicates short term topping at 1.2892. Initial bias remains mildly on the downside this week for 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor resistance holds, in case […]

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10/08/2024

EUR/AUD Weekly Outlook

EUR/AUD retreated sharply after initial surge to 1.7180, but downside is held above 1.6474 support so far. Further rise is still expected. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up trend to 1.7715 fibonacci projection level next. In the bigger picture, corrective […]
24/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9093; (P) 0.9113; (R1) 0.9138; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. 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 downside for 55 […]
27/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9748; (P) 0.9781; (R1) 0.9824; More.. EUR/CHF’s rally from 0.9252 resumed by breaking 0.9785 temporary top. Intraday bias is back on the upside. Further rise should be seen towards 1.0095 key resistance next. On the downside, break of 0.9689 support is needed to indicate short term topping. Otherwise, outlook will remain bullish […]