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Daily Pivots: (S1) 0.9424; (P) 0.9443; (R1) 0.9460; More… Intraday bias in EUR/CHF remains neutral at this point. Consolidation from 0.9402 could extend further. But deeper decline is expected with 0.9543 resistance intact. On the downside, firm 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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05/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3631; (P) 1.3665; (R1) 1.3709; More…. Range trading continues in USD/CAD and intraday bias remains neutral for the moment. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, […]
10/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9290; (P) 0.9306; (R1) 0.9332; More… Intraday bias in EUR/CHF stays neutral as consolidation from 0.9252 is still extending. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection […]
24/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.71; (P) 148.03; (R1) 148.44; More… No change in USD/JPY’s outlook as consolidation from 148.79 is still extending. Deeper retreat cannot be ruled out, but further rally is expected as long as 145.97 resistance turned support holds. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume […]