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Daily Pivots: (S1) 0.8648; (P) 0.8679; (R1) 0.8730; More… Break of 0.8631 support suggests short term topping at 0.8710, on bearish divergence condition in 4H MACD, after hitting 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Intraday bias is back on the downside for 55 D EMA (now at 0.8613). On the upside, firm break […]

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22/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9032; (P) 0.9084; (R1) 0.9156; More…. USD/CHF is extending the consolidation pattern from 0.9151 and intraday bias stays neutral. Further rally is expected as long as 0.8996 support holds. Break of 0.9151 will resume the larger rise from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will turn bias to the […]
11/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2700; (P) 1.2719; (R1) 1.2749; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of 1.2816 will resume the […]
18/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2673; (P) 1.2691; (R1) 1.2724; More… Intraday bias in GBP/USD is turned neutral with current recovery. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. In the bigger […]