EUR/CHF Weekly Outlook

Daily Pivots: (S1) 0.8891; (P) 0.8908; (R1) 0.8930; More… USD/CHF’s sharp decline suggests that recovery from 0.8819 has completed at 0.8923, after rejection by 55 4H EMA. Intraday bias is back on the downside for 0.8819. Firm break there will resume whole fall from 0.9223. Next target is 61.8% retracement of 0.8332 to 0.9223 at […]

USD/JPY’s strong rebound last week confirms short term bottoming at 140.25, on bullish convergence condition in 4H MACD. Nevertheless, price actions from there are likely just correcting the fall from 151.89. While further rally cannot be ruled out, upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below […]

Daily Pivots: (S1) 0.8922; (P) 0.8951; (R1) 0.8967; More… Intraday bias in USD/CHF remains neutral and further fall is in favor with 0.9000 resistance intact. Below 0.8914 will bring retest of 0.8825 low. However, break of 0.9000 will turn bias back to the upside for 0.9049 resistance instead. In the bigger picture, with 0.9243 resistance […]