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Daily Pivots: (S1) 0.9763; (P) 0.9778; (R1) 0.9808; More… Intraday bias in EUR/CHF remains on the upside for retesting 0.9847 resistance. Decisive break there will resume larger rally from 0.9252 high. On the downside, below 0.9708 minor support will turn intraday bias neutral again first. In the bigger picture, while 55 D EMA (now at […]

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10/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8906; (P) 0.8940; (R1) 0.8998; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, after drawing support from 0.8883 fibonacci level. Intraday bias will be back on the upside for 0.9157/9223 resistance […]
18/06/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9520; (P) 0.9544; (R1) 0.9572; More…. EUR/CHF’s fall from 0.9928 resumed after brief recovery and intraday bias is back on the downside. Sustained trading below below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. On the upside, […]
10/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2768; (P) 1.2797; (R1) 1.2815; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2752) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at […]