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Daily Pivots: (S1) 0.8625; (P) 0.8641; (R1) 0.8672; More… USD/CHF’s rally from 0.8374 is in progress and intraday bias stays on the upside. Sustained break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should then be seen to 61.8% retracement […]

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10/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6697; (P) 0.6729; (R1) 0.6751; More… Intraday bias in AUD/USD is turned neutral first with 4H MACD crossed above signal line. Some consolidations could be seen, but further decline is expected as long as 0.6809 minor resistance holds. Below 0.6707 will resume the fall from 0.6941 short term top. Sustained trading below […]
20/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.00; (P) 158.99; (R1) 160.19; More…. Intraday bias in EUR/JPY remains mildly on the upside for the moment. Rise from 155.14 is seen as the third leg of the corrective pattern from 154.40. Further rally would be seen to 163.89, and possibly further to 61.8% retracement of 175.41 to 154.40 at 167.38. […]
05/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3610; (P) 1.3648; (R1) 1.3679; More… Intraday bias in USD/CAD remains neutral first. Break of 1.3589 will resume the corrective fall from 1.3845 to 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above 1.3686 minor resistance will turn […]