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Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2842. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]

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USD/CHF Daily Outlook

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04/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1018; (P) 1.1051; (R1) 1.1075; More…. No change in EUR/USD’s outlook for now. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will target 1.1274 high […]
19/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8445; (R1) 0.8498; More… Sideway trading continues in USD/CHF 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, break of 0.8548 […]
03/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2567; (P) 1.2663; (R1) 1.2716; More… Intraday bias in GBP/USD stays neutral first with 1.2611 support intact. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the bigger picture, […]