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Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8431. Upside of recovery should be limited by 0.8711 resistance to bring another fall. On the downside, below 0.8431 will resume the decline from 0.9223 to retest 0.8332 low. In the bigger picture, price actions from 0.8332 […]

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19/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8560; (R1) 0.8570; More… Outlook in EUR/GBP remains unchanged as range trading continues. Intraday bias stays neutral at this point. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting […]
08/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.94; (P) 193.54; (R1) 194.08; More.. Intraday bias in GBP/JPY stays neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will resume the correction from 200.53. Sustained trading below 55 D EMA […]
18/06/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9520; (P) 0.9544; (R1) 0.9572; More…. EUR/CHF’s fall from 0.9928 resumed after brief recovery and intraday bias is back on the downside. Sustained trading below below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. On the upside, […]