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Daily Pivots: (S1) 0.8783; (P) 0.8802; (R1) 0.8816; More…. USD/CHF is extending the consolidation from 0.8884 and intraday bias stays neutral. With 0.8727 resistance turned support intact, further rally is still expected. On the upside, break of 0.8885 will resume the rise from 0.8332 and target and 100% projection of 0.8332 to 0.8727 from 0.8550 […]

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08/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3445; (P) 1.3472; (R1) 1.3488; More… Intraday bias in USD/CAD remains neutral for the moment as sideway trading continues. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 has completed, and target this resistance. Nevertheless, firm break of […]
14/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; More… USD/JPY’s decline from 151.89 resumed by breaking through 141.59 support. Intraday bias is back on the downside. Further fall should be seen to next fibonacci level at 136.63. On the upside, above 142.91 minor resistance will turn intraday bias neutral first. But recovery should be limited […]
08/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8520; (P) 0.8559; (R1) 0.8584; More… USD/CHF recovered today but stays below 0.8606 temporary top. Intraday bias remains neutral at this point. Further rise is in favor as long as 0.8499 minor support holds. Above 0.8606 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that […]