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Daily Pivots: (S1) 0.8541; (P) 0.8562; (R1) 0.8595; More… Intraday bias in USD/CHF stays neutral at this point. More consolidations could be seen below 0.8606 temporary top. But further rally 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 […]

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23/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is extending consolidation from 1.3043 and intraday bias remains neutral. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which […]
08/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9061; (P) 0.9078; (R1) 0.9100; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.9005 is extending. Further decline is in favor as long as 55 4H EMA (now at 0.9099) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9000) will bring deeper […]
30/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… No change in USD/JPY’s outlook and intraday bias stays on the upside. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.44 minor support will turn intraday bias neutral again first. In […]