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Daily Pivots: (S1) 164.32; (P) 164.64; (R1) 164.91; More… Range trading continues in EUR/JPY despite huge volatility. Intraday bias remains neutral first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.26 support will argue that it’s at least correcting the rise from […]

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17/06/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6590; (P) 0.6617; (R1) 0.6643; More… No change in AUD/USD’s outlook and intraday bias stays neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, […]
20/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9432; (P) 0.9461; (R1) 0.9483; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9402 could extend further. But still, deeper decline is expected with 0.9543 resistance intact. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from […]
11/05/2024

USD/CHF Weekly Outlook

USD/CHF stayed in consolidation above 0.9005 last week. Initial bias remains neutral this week and more sideway trading could be seen. Further decline is in favor as long as 55 4H EMA (now at 0.9087) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9004) will bring deeper […]