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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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05/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2744; (P) 1.2756; (R1) 1.2772; More… Intraday bias in GBP/USD remains on the upside for the moment. Rise from 1.2612 is in progress for retesting 1.2859 high. Firm break there will resume whole rally from 1.2298. On the downside, though, below 1.2733 minor support will dampen the immediate bullish case, and turn […]
15/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9496; (P) 0.9521; (R1) 0.9521; More…. EUR/CHF’s rebound from 0.9209 short term bottom is still in progress. Intraday bias stays on the upside for 55 D EMA (now at 0.9592). On the downside, below 0.9423 minor support will turn intraday bias neutral first. In the bigger picture, medium term corrective pattern from […]
29/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6812; (P) 0.6841; (R1) 0.6859; More… AUD/USD continues to lose upside momentum ahead of 0.6894 resistance and intraday bias is turned neutral first. On the upside, decisive break of 0.6894 will extend the rally from 0.6269 towards 0.7156 key resistance next. On the downside, however, break of 0.6796 support will indicate short […]