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Daily Pivots: (S1) 0.6535; (P) 0.6565; (R1) 0.6622; More… AUD/USD’s break of 0.6567 resistance confirms short term bottoming at 0.6348 and stronger rebound is underway. Intraday bias is back on the upside for 55 D EMA (now at 0.6614). Sustained break there will target 0.6798 resistance. On the downside, break of 0.6506 minor support will […]

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20/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9626; (P) 0.9645; (R1) 0.9670; More.., Intraday bias in EUR/CHF stays on the upside for the moment. Current rally from 0.9252 would target 0.9683 key resistance next. Considering bearish divergence condition in 4H MACD, break of 0.9618 support will indicate short term topping. In this case, intraday bias will be back on […]
10/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD’s break of 1.0790 support argues that rebound from 1.0723 has completed at 1.0884 already. Intraday bias is back on the downside of 1.0723 support. Break there will target 1.0694 support next. For now, risk will stay mildly on the downside as long as 1.0884 resistance […]

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9011; (P) 0.9038; (R1) 0.9064; More…. Intraday bias in USD/CHF remains neutral and consolidation from 0.9094 is extending. Deeper decline cannot be ruled out, but outlook will stay bullish as long as 0.8884 resistance turned support holds. On the upside, break of 0.9094 will resume larger rise from 0.8332 to 0.9243 key […]