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Daily Pivots: (S1) 0.8639; (P) 0.8654; (R1) 0.8667; More… Intraday bias in USD/CHF is back on the upside with break of 0.8668 temporary top. Rise from 0.8374 is resuming 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 at 0.8374, after defending 0.8332 low. […]

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26/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9516; (P) 0.9566; (R1) 0.9612; More…. Intraday bias in EUR/CHF remains on the downside for retesting 0.9476 low. Firm break there will resume whole fall from 0.9928 to 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320. On the upside, above 0.9607 minor resistance will turn intraday bias neutral first. In […]
26/10/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.3433 extended to as low as 1.2906 last week, but formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence […]
04/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.02; (P) 160.40; (R1) 161.15; More…. Intraday bias in EUR/JPY remains on the downside at this point. Fall from 164.29 is in progress for 161.8% projection of 164.29 to 161.22 from 163.70 at 158.73. Sustained break there will target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the […]