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Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF remains neutral at this point. Further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9010) will bring deeper fall to 38.2% […]

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USD/CHF Mid-Day Outlook

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24/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8917; (P) 0.8931; (R1) 0.8958; More…. USD/CHF is extending the consolidation above 0.8825 and intraday bias remains neutral first. Still, near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the bigger picture, price […]
27/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s corrective pull back continued last week and outlook is unchanged. Initial bias remains neutral this week first. Further rally is expected as long as 1.6398 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. However, break […]
06/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD stays on the upside for the moment. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to 1.2568 from 1.2471 will target 100% projection at 1.2741. For […]