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Daily Pivots: (S1) 1.2903; (P) 1.2956; (R1) 1.3040; More… Range trading continues in GBP/USD and intraday bias stays neutral. With 1.3047 resistance intact, further decline is still expected. Firm break of 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 MACD, […]

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28/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2617; (P) 1.2629; (R1) 1.2653; More… Intraday bias in GBP/USD remains neutral for the moment. Risk stays on the downside as long as 55 4H EMA (now at 1.2667) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there will suggest that rise from 1.2036 […]
24/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9446; (P) 0.9459; (R1) 0.9472; More… Intraday bias in EUR/CHF is turned neutral with current retreat. Some consolidations could be seen but further rally is expected as long as 0.9404 minor support holds. Above 0.9471 will resume the rebound from 0.9252, as a correction to whole decline from 1.0095. Next target will […]
25/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9346; (P) 0.9362; (R1) 0.9390; More…. EUR/CHF recovered after drawing support from 0.9332 and intraday bias remains neutral. On the downside, firm break of 0.9332 resume the fall from 0.9579 towards 0.9209, and argue that larger down trend might be ready to resume too. On the upside, though, break of 0.9506 will […]