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Daily Pivots: (S1) 0.9430; (P) 0.9455; (R1) 0.9475; More… EUR/CHF is extending consolidation from 0.9402 and intraday bias remains neutral for the moment. Overall outlook stays bearish as long as 0.9543 resistance holds. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 […]

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23/04/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 164.55; (P) 164.82; (R1) 165.25; More… EUR/JPY’s breach of 165.33 resistance argues that larger up trend is resuming. Intraday bias is back on the upside. Further rally would be seen to 169.96 key resistance next. Nevertheless, break of 164.39 minor support will turn intraday bias neutral again first. In the bigger picture, […]
09/04/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6573; (P) 0.6592; (R1) 0.6623; More… AUD/USD’s rise from 0.6480 resumed by breaking through 0.6618 resistance and intraday bias is back on the upside. Current development affirms that case pattern from 0.6442 is now in is third leg. Further rise would be seen to 0.6666 and then 100% projection of 0.6442 to […]
13/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2512; (P) 1.2564; (R1) 1.2614; More… Intraday bias in GBP/USD remains neutral and further decline is mildly in favor with 1.2614 minor resistance intact. Break of 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at 1.2452). Sustained break there will bring retest of 1.2036 […]