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Daily Pivots: (S1) 0.6580; (P) 0.6602; (R1) 0.6643; More… AUD/USD’s rebound extends to as high as 0.6629 so far today, breaking 38.2% retracement of 0.6877 to 0.6442 at 0.6605. Current upside acceleration as seen in 4H MACD indicates that further rally is underway. Intraday bias stays on the upside for 61.8% retracement at 0.6707 next. […]

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05/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1048; (P) 1.1071; (R1) 1.1107; More…. Outlook in EUR/USD remains unchanged and intraday bias stays neutral. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will […]
21/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF is mildly on the upside with breach of 0.9101 resistance. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Further rally should be seen back to retest 0.9223. On the downside, though, break of 0.8987 will resume […]
14/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8773; (P) 0.8782; (R1) 0.8799; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term bullishness. […]