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Daily Pivots: (S1) 0.9091; (P) 0.9120; (R1) 0.9153; More…. Intraday bias in USD/CHF remains neutral for the moment. Further rally is in favor with 0.9077 minor support intact. On the upside, above 0.9157 will bring retest of 0.9223. However, on the downside, break of 0.9077 will suggest that rebound from 0.8987 has completed. Intraday bias […]

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13/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8559; (R1) 0.8574; More…. EUR/GBP’s correction from 0.8624 extends lower today and deeper fall could be seen. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, above 0.8567 minor resistance will turn bias back to the upside for […]
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 […]

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.36; (P) 157.87; (R1) 158.69; More…. EUR/JPY’s break of 158.71 minor resistance suggests that fall form 163.89 has completed at 155.14 already. Rebound from there is seen as the third leg of the corrective pattern from 154.40. Intraday bias is back on the upside for 163.89, and possibly further to 61.8% retracement […]