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Daily Pivots: (S1) 1.2721; (P) 1.2741; (R1) 1.2755; More… No change in GBP/USD’s outlook as fall from 1.2892 short term top is in progress. Deeper decline would be seen to 55 D EMA (now at 1.2673). Firm break there will target .2517 structural support. For now, risk will stay mildly on the downside as long […]

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26/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8636; (P) 0.8661; (R1) 0.8695; More…. Intraday bias in USD/CHF is turned neutral with current recovery. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, firm break […]
14/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0924; (P) 1.0944; (R1) 1.0968; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 1.0904) holds. Above 1.0980 will resume the rally from 1.0694 to retest 1.1138 high. However, sustained break of the EMA will turn bias to […]
16/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, overall outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 minor support will bring retest of 0.8332 low first. However, decisive break of 0.8665 will rise the change of larger trend […]