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Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD remains on the downside for the moment. Fall from 1.3043 is in progress. Decisive break of 55 D EMA (now at 1.2782) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would be seen to […]

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11/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8743; (P) 0.8764; (R1) 0.8797; More…. Intraday bias in USD/CHF remains neutral for the moment. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term bullishness. Further […]
02/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2622; (P) 1.2661; (R1) 1.2690; More… GBP/USD recovered ahead of 1.2612 support as range trading continues. Intraday bias remains neutral at this point. On the upside, firm break of 1.2705 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, sustained trading below 1.2633 […]
07/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8485; (P) 0.8529; (R1) 0.8556; More… USD/CHF’s recovery from 0.8431 extends higher today but upside is still limited well below 0.8711 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 0.8500 will bring retest of 0.8431 first. Break there will resume the decline from 0.9223 to […]