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EUR/CHF edged lower to 0.9305 last week but recovered since then. Initial bias stays neutral this week first, and outlook remains bearish as long as 0.9444 resistance holds. On the downside, below 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. Firm break there will resume larger down trend. However, decisive break of […]

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04/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8811; (P) 0.8852; (R1) 0.8874; More…. Intraday bias in USD/CHF remains neutral for consolidations below 0.8891 temporary top. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back […]
27/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5995; (P) 1.6068; (R1) 1.6137; More… Intraday bias in EUR/AUD stays on the downside for the moment. Current decline is expected to continue to 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there will target 1.5846 key support next. For now, risk will stay on the downside as […]
29/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.78; (P) 156.99; (R1) 157.40; More… Intraday bias in USD/JPY stays on the upside at this point. Rise from 151.86, as the second leg of the corrective pattern from 160.20, would target 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, break of 156.57 minor support will turn […]