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Daily Pivots: (S1) 1.2718; (P) 1.2753; (R1) 1.2820; More… GBP/USD’s rebound from 1.2666 extended higher but stays below 1.2822. Intraday bias remains neutral first. On the downside, break of 1.2666 support and sustained break of 55 D EMA (now at 1.2685) will target 1.2517 structural support next. However, break of 1.2822 will bring further rally […]

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30/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8594; (P) 0.8626; (R1) 0.8645; More…. Outlook in USD/CHF remains unchanged as range trading continues. Intraday bias stays neutral at this point. 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 […]
07/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9591; (P) 0.9611; (R1) 0.9634; More… Intraday bias in EUR/CHF stays on the upside despite diminishing upside momentum. Rise from 0.9252 is in progress for 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. On the downside, below 0.9582 minor support will turn intraday bias neutral and bring consolidations first, […]
02/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6390; (P) 1.6442; (R1) 1.6477; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Further decline is expected as long as 1.6484 resistance holds. Below 1.6288 will resume the fall from 1.6742 to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 from 1.6742 at 1.5807. However, break […]