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USD/CHF’s steep decline last week suggests that rebound from 0.8987 has completed at 0.9157. Initial bias stays on the downside this week for 0.8987. Firm break there will resume the fall from 0.9223 to 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. On the upside, above 0.9065 minor resistance will turn intraday bias […]

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EUR/CHF Weekly Outlook

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EUR/CHF Weekly Outlook

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08/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8939; (P) 0.8973; (R1) 0.8992; More… Intraday bias in USD/CHF remains on the downside for the moment. Rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Also, fall from 0.9223 is not completed yet. Deeper decline would be seen for retesting 0.8825 low next. On the upside, […]
24/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains mildly on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 […]
07/07/2024

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8498 last week, but failed to break through 55 D EMA (now at 0.8500) and retreated. Initial bias remains neutral this week first. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On […]