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Daily Pivots: (S1) 0.8304; (P) 0.8326; (R1) 0.8337; More… No change in EUR/GBP outlook. As long as 0.8433 resistance holds, current down trend is still in progress for 0.8201 key support next. Strong support could be seen from there to bring rebound. But for now, break of 0.8433 resistance is needed to indicate short term […]

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24/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8449; (P) 0.8484; (R1) 0.8510; More… USD/CHF is still extending range trading from 0.8374 and intraday bias remains neutral. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, […]
09/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0886; (P) 1.0915; (R1) 1.0949; More….. Intraday bias in EUR/USD remains neutral at this point. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further break there will resume recent rally from 1.0665 […]
07/07/2024

USD/JPY Weekly Outlook

USD/JPY edged higher to 161.94 last week but retreated since then. Initial bias stays neutral this week first. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of 160.25 will turn bias to the downside for deeper pullback. […]