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Daily Pivots: (S1) 1.2743; (P) 1.2772; (R1) 1.2790; More… GBP/USD is losing some upside momentum as seen in 4H MACD. But further rise is expected as long as 1.2670 support holds. Current rally from 1.2298 should target 1.2892 resistance next. However, break of 1.2670 will indicate short term topping, and turn bias back to the […]

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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 […]
03/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0721; (P) 1.0735; (R1) 1.0760; More…. EUR/USD’s rebound from 1.0665 resumed by breaking 1.0775 minor resistance today. Current development suggests that pull back from 1.0915 has completed. Intraday bias is back on the upside for 1.0915 resistance next. For now, risk will stay on the upside as long as 1.0709 support holds, […]
29/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8610; (P) 0.8647; (R1) 0.8678; More…. Intraday bias in USD/CHF remains neutral as consolidation continues below 0.8727. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, firm […]