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Daily Pivots: (S1) 0.8465; (P) 0.8491; (R1) 0.8530; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, break of 0.8548 […]

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07/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8798; (P) 0.8828; (R1) 0.8850; More…. No change in USD/CHF’s outlook as sideway consolidation continues. Intraday bias stays neutral at this point. Further rally remains in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support […]
05/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8523; (P) 0.8631; (R1) 0.8689; More… Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9223 should target a retest on 0.8332 low. On the upside, above 0.8594 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall. In the bigger picture, price […]
22/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0857; (R1) 1.0872; More… EUR/USD dips notably today but stays above 1.0810 resistance turned support. Intraday bias remains neutral and further rally is still in favor. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall from […]