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Daily Pivots: (S1) 0.8583; (P) 0.8612; (R1) 0.8655; More… Intraday bias in USD/CHF remains on the upside for the moment. Rise from 0.8374 short term bottom is in progress for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally […]

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13/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3551; (P) 1.3585; (R1) 1.3625; More… Intraday bias in USD/CAD remains neutral at this point as range trading continues. On the upside, firm break of 1.3265 minor resistance will confirm short term bottoming at 1.3479. More importantly, whole correction from 1.3897 could have completed too. Intraday bias will be back on the […]
22/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… GBP/USD’s firm break of 1.3043 confirms resumption of whole rally from 1.2998. Intraday bias stays on the upside for 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. Decisive break there will confirm larger up trend resumption for 100% […]
20/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9494; (P) 0.9504; (R1) 0.9522; More… EUR/CHF’s rise from 0.9252 is trying to resume by breaching 0.9510 and intraday bias is back on the upside. Further rally should be seen to 0.9574 fibonacci level next. On the downside, below 0.9466 minor support will turn intraday bias neutral again first. In the bigger […]