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Daily Pivots: (S1) 0.9573; (P) 0.9596; (R1) 0.9634; More… EUR/CHF is extending the consolidation from 0.9630 and intraday bias remains neutral. Further rally is expected as long as 0.9510 support holds. Above 0.9630 will resume the rebound from 0.9252 to 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. However, considering bearish divergence […]

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USD/JPY Mid-Day Outlook

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29/11/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.92; (P) 147.87; (R1) 148.43; More… USD/JPY’s decline continues today and break of 147.14 support confirms resumption of whole fall from 151.89. Intraday bias stays on the downside at this point. Sustained break of 61.8% projection of 151.89 to 147.14 from 149.66 at 146.72 will pave the way to 100% projection at […]
13/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9048; (P) 0.9066; (R1) 0.9084; More…. USD/CHF is staying above 0.9005 support despite today’s dip and intraday bias remains neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9082) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9006) will […]
26/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8923; (P) 0.8938; (R1) 0.8964; More… Intraday bias in USD/CHF stays neutral at this point. Near term outlook will stay bearish with 0.8992 resistance intact. Below 0.8912 minor support will bring retest of 0.8825 low. Firm break there will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at […]