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Daily Pivots: (S1) 0.6468; (P) 0.6503; (R1) 0.6526; More…. Intraday bias in back on the downside with breach of 0.6484 support. Retest of 0.6442 should be seen next. Firm break there will resume whole decline from 0.6870 and target 61.8% projection of 0.6870 to 0.6442 from 0.6666 at 0.6401. On the upside, above 0.6538 minor […]

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01/06/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.2799 last week but turned sideway since then. Initial bias stays neutral this week and more range trading could be seen. Further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will indicate short term […]
10/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9754; (P) 0.9764; (R1) 0.9778; More… Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as 0.9835 resistance holds. Below 0.9278 will turn bias back to the downside for 0.9563 […]
22/02/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8783; (P) 0.8802; (R1) 0.8816; More…. USD/CHF is extending the consolidation from 0.8884 and intraday bias stays neutral. With 0.8727 resistance turned support intact, further rally is still expected. On the upside, break of 0.8885 will resume the rise from 0.8332 and target and 100% projection of 0.8332 to 0.8727 from 0.8550 […]