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Daily Pivots: (S1) 0.8809; (P) 0.8860; (R1) 0.8892; More…. Intraday bias in USD/CHF stays on the downside for the moment. Rise from 0.8332 could have completed at 0.9223, ahead of 0.9243 key resistance. Further decline would be seen to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. For now, risk will stay on the […]

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EUR/USD Daily Outlook

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21/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9656; (P) 0.9672; (R1) 0.9703; More.. Intraday bias in EUR/CHF stays on the upside with focus on 0.9683 resistance. Sustained break there will carry larger bullish implication and target 0.9773 fibonacci resistance. On the downside, though, break of 0.9618 support will indicate short term topping. In this case, intraday bias will be […]
06/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.85; (P) 146.48; (R1) 147.07; More… No change in USD/JPY’s outlook as focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. In the bigger picture, […]
06/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6665; (P) 1.6926; (R1) 1.7118; More… Intraday bias in EUR/AUD is turned neutral first as it retreated after hitting 1.7180. Some consolidations would be seen but downside should be contained above 1.6474 support to bring another rally. On the upside, break of 1.7180 will resume larger up trend to 1.7715 fibonacci projection […]