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Daily Pivots: (S1) 0.8907; (P) 0.8927; (R1) 0.8947; More… Intraday bias in USD/CHF stays on the upside with focus on 0.8956 resistance. Decisive break there will confirm resumption of whole rally from 0.8374. Next target is 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below 0.8866 minor support will delay […]

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11/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8952; (P) 0.8969; (R1) 0.8982; More…. USD/CHF is still bounded in range of 0.8880/8987 and intraday bias remains neutral. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, after drawing support from 0.8883 fibonacci level. Intraday bias will be back on the upside […]
05/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8477; (P) 0.8503; (R1) 0.8528; More…. No change in USD/CHF’s outlook as price actions from 0.8332 are still seen as a corrective pattern only. Intraday bias stays neutral and outlook remains bearish with 0.8665 support turned resistance intact. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 […]
05/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Range trading continues in GBP/USD and intraday bias remains neutral for the moment. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in […]