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Daily Pivots: (S1) 0.9500; (P) 0.9518; (R1) 0.9534; More… Intraday bias in EUR/CHF is turned with current retreat. Another rise could still be seen, by considering bearish divergence condition in 4H MACD, upside would be limited by 0.9574 fibonacci level. On the downside, break of 0.9466 support will indicate short term topping, and turn bias […]

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29/11/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8756; (P) 0.8787; (R1) 0.8813; More…. USD/CHF’s fall is still in progress and intraday bias remains on the downside. Firm break of 100% projection of 0.9243 to 0.8886 from 0.9111 at 0.8754 will target 161.8% projection at 0.8533, which is close to 0.8551 low. On the upside, above 0.8817 minor resistance will […]
28/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0826; (R1) 1.0841; More… Intraday bias in EUR/SD remains neutral a this point. Risk will stay on the downside as long as 55 4H EMA (now at 1.0848) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break there will resume the decline from 1.1138 and […]
03/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8308; (P) 0.8585; (R1) 0.8779; More…. Intraday bias in USD/CHF stays neutral at this point. Consolidation from 0.8332 is extending and stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned resistance holds. Break of 0.8332 will resume larger fall from 0.9243 to 138.2% projection […]