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Daily Pivots: (S1) 0.9695; (P) 0.9711; (R1) 0.9732; More… No change in EUR/CHF’s outlook and intraday bias stays neutral. On the upside, firm break of 0.9721 resistance will argue that correction from 0.9847 has completed already, and turn intraday bias back to the upside for retesting 0.9847. However, break of 0.9563 will bring deeper fall […]

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EUR/JPY Mid-Day Outlook

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16/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, near term outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 minor support will bring retest of 0.8332 low first. However, decisive break of 0.8665 will rise the change of larger […]
24/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.26; (P) 169.79; (R1)170.29; More… No change in EUR/JPY’s outlook. Further rise is mildly in favor despite loss of upside momentum. Rise from 164.01, as the second leg of the corrective pattern from 171.58, would target 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62. On the downside, break of 169.05 […]
08/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3676; (P) 1.3709; (R1) 1.3757; More… Intraday bias in USD/CAD stays neutral at this point. On the upside, break of 1.3782 resistance will argue that correction from 1.3845 has completed with three waves down to 1.3608. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. […]