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Daily Pivots: (S1) 0.9643; (P) 0.9712; (R1) 0.9754; More…. EUR/CHF’s fall from 0.9928 extended lower last week and touched 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Strong support is expected from this fibonacci level to bring rebound. Break of 0.9740 minor resistance will turn intraday bias back to the upside. Nevertheless, sustained break of […]

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10/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.59; (P) 151.76; (R1) 151.96; More… Range trading continues in USD/JPY and intraday bias stays neutral at this point. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.73). On the upside, however, sustained break of 151.93 key […]
25/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3637; (P) 1.3672; (R1) 1.3695; More… USD/CAD’s extended fall from 1.3790 suggests that rebound form 1.3589 has completed. Corrective pattern from 1.3845 is now in the third leg. Intraday bias is back on the downside for 1.3589 support. Break there will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. […]
15/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0905; (P) 1.0957; (R1) 1.1044; More… Intraday bias in EUR/USD stays on the upside for 1.1016 resistance. Decisive break there will will confirm resumption of whole rally from 1.0447. Further rally should then be seen to retest 1.1274 high. On the downside, below 1.0914 minor support will turn intraday bias neutral first. […]