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Daily Pivots: (S1) 0.8495; (P) 0.8523; (R1) 0.8539; More… No change in USD/CHF’s outlook with focus on 0.8536 resistance. Rejection by this resistance will retain near term bearishness. 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 […]

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EUR/USD Mid-Day Outlook

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17/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3592; (P) 1.3616; (R1) 1.3643; More… Intraday bias in USD/CAD is turned neutral with current recovery. But further fall is expected as long as 1.3689 resistance holds. Below 1.3589 temporary low will resume the decline from 1.3845 to 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Sustained trading below 55 […]
10/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1016; (P) 1.1053; (R1) 1.1073; More…. Outlook in EUR/USD remains unchanged and intraday bias stays neutral. Consolidation from 1.1200 could extend with deeper pull back, but downside should be contained by 38.2% retracement of 1.0665 to 1.1200 at 1.0996 to bring rebound. Break of 1.1200 will resume larger rise towards 1.1274 high. […]
05/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8983; (P) 0.9012; (R1) 0.9031; More… USD/CHF is staying consolidation below 0.9049 and intraday bias remains neutral. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the case that corrective fall from 0.9223 has completed at 0.8825. Further rally would then be seen to 0.9157 […]