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Daily Pivots: (S1) 194.27; (P) 196.61; (R1) 199.16; More… GBP/JPY retreated ahead of 199.79 resistance and intraday bias is turned neutral first. Further rally will remain in favor as long as 194.04 support holds. Corrective pattern from 180.00 is extending, and break of 199.79 will target channel resistance (now at 202.84). In the bigger picture, […]

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13/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3463; (P) 1.3495; (R1) 1.3522; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3419 and sustained trading below 1.3439 support will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish for 1.3357 support first. […]
09/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9689; (P) 0.9705; (R1) 0.9732; More…. Intraday bias in EUR/CHF remains neutral for the moment, and some more consolidations could be seen below 0.9754 temporary top. Further rally is expected with 0.9639 support intact. On the upside, above 0.9754 will resume the rebound from 0.9476 to retest 0.9928 high. Nevertheless, break of […]
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, […]