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Daily Pivots: (S1) 1.2841; (P) 1.2884; (R1) 1.2911; More… GBP/USD’s breach of 1.2833 temporary low suggests that fall from 1.3433 is resuming. Intraday bias is back on the downside for 61.8% retracement of 1.2298 to 1.3433 at 1.2732. Sustained break there will pave the way towards 1.2298 key support. On the upside, above 1.3008 resistance […]

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22/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9500; (P) 0.9518; (R1) 0.9534; More… Intraday bias in EUR/CHF is turned with current retreat. Another rise could still be seen, by considering bearish divergence condition in 4H MACD, upside would be limited by 0.9574 fibonacci level. On the downside, break of 0.9466 support will indicate short term topping, and turn bias […]
01/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0872; (R1) 1.0900; More… Intraday bias in EUR/USD stays mildly on the upside for the moment. Rebound from 1.0760 short term bottom would target 55 D EMA (now at 1.0943). Strong resistance should be seen there to limit upside. On the downside, below 1.0807 minor support will turn intraday bias […]
09/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8593; (P) 0.8634; (R1) 0.8707; More… While USD/CHF’s recovery from 0.8431 extends but upside is limited below 0.8711 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, below 0.8559 minor support will bring retest of 0.8431 first. Break there will resume the fall from 0.9223 to retest […]