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Daily Pivots: (S1) 0.9289; (P) 0.9307; (R1) 0.9324; More…. No change in EUR/CHF’s outlook and intraday bias stays neutral for the moment. Further decline is in favor with 0.9343 resistance intact. On the downside, below 0.9269 minor support will bring retest of 0.9204/9 support zone. Decisive break there will confirm larger down trend resumption. Nevertheless, […]

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25/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8579; (P) 0.8589; (R1) 0.8595; More… Intraday bias in EUR/GBP stays neutral at this point. On the upside, decisive break of medium term trend line resistance (now at 0.8649) will solidify the bullish case of trend reversal, and target 0.8764 resistance next. However, sustained break of 55 4H EMA (now at 0.8580) […]
09/03/2024

USD/CAD Weekly Outlook

USD/CAD fell sharply to 1.3419 last week but quickly recovered to close above 1.3439 support. Initial bias is turned neutral this week first. On the downside, break of 1.3419 and sustained trading below 1.3439 will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish […]
17/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9013; (P) 0.9038; (R1) 0.9088; More…. Intraday bias in USD/CHF stays neutral at this point. Further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. However, break of 0.9101 will turn […]