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Daily Pivots: (S1) 0.9267; (P) 0.9286; (R1) 0.9299; More…. EUR/CHF’s strong rally and break of 0.9321 minor resistance suggests that rebound from 0.9204 short term bottom is resuming. Intraday bias is back on the upside. Firm break of 0.9343 will target 100% projection of 0.9204 to 0.9343 from 0.9254 at 0.9393 next. For now, risk […]

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14/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6511; (P) 1.6536; (R1) 1.6559; More… Range trading continues in EUR/AUD and intraday bias stays neutral at this point. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 […]
11/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2700; (P) 1.2719; (R1) 1.2749; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of 1.2816 will resume the […]
04/11/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8648; (P) 0.8679; (R1) 0.8730; More… Intraday bias in USD/CHF is turned neutral again with today’s retreat, but further rally is expected as long as 0.8631 support holds. Sustained trading above 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed after defending 0.8332 low. Further […]