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Daily Pivots: (S1) 0.9390; (P) 0.9417; (R1) 0.9451; More…. EUR/CHF is still bounded in converging triangle and intraday bias remains neutral. On the upside, break of 0.9444 will turn intraday bias to the upside for 0.9506 resistance and above. On the downside, break of 0.9331 will resume the fall from 0.9579 towards 0.9209 low. In […]

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27/04/2024

EUR/AUD Weekly Outlook

EUR/AUD’s fall from 1.6742 resumed by breaking through 1.6368 support last week. The development revived the case that rise from 1.6127 has completed at 1.6742. Fall from there is the third leg of the corrective pattern from 1.7062. Initial bias is now on the downside this week for 1.6127 support next. On the upside, above […]
09/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY remains neutral for the moment, as range trading continues. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. […]
25/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8659; (P) 0.8694; (R1) 0.8737; More…. USD/CHF’s break of 0.8632 minor support suggests initial rejection by 38.2% retracement of 0.9243 to 0.8332 at 0.8680 and 55 D EMA (now at 0.8686). Intraday bias is back on the downside for 0.8487 support. On the upside, though, break of 0.8727, and sustained trading above […]