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Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF stays neutral and 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% retracement of […]

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09/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6280; (P) 1.6332; (R1) 1.6388; More… Intraday bias in EUR/AUD stays neutral for the moment as consolidation from 1.6216 is still extending. Further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn […]
03/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8648; (P) 0.8668; (R1) 0.8690; More… Intraday bias in EUR/GBP is turned neutral again as it recovered after brief dip to 0.8644. On the downside, firm break of 0.8644 will suggest that rebound from 0.8548 has completed at 0.8713 already. Deeper fall should be seen to retest 0.8548 support. On the upside, […]
18/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8574; (P) 0.8597; (R1) 0.8639; More…. Immediate focus in now on 0.8665 support turned resistance as rebound from 0.8332 extends today. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless, break of 0.8565 minor support will turn intraday bias back to the […]