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Daily Pivots: (S1) 0.8666; (P) 0.8720; (R1) 0.8820; More… Intraday bias in USD/CHF stays on the upside at this point. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899 next. For now, near term outlook will stay bullish as long as 0.8614 support holds, in case of retreat. In the […]

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24/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.45; (P) 192.15; (R1) 193.47; More.. GBP/JPY is still bounded in range below 193.51 and intraday bias remains neutral. Further rally is expected with 189.97 support intact. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 will indicate that […]
01/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8701; (P) 0.8736; (R1) 0.8787; More…. Intraday bias in USD/CHF remains neutral for the moment, and some more consolidations could be seen above 0.8716. Risk will stay on the downside as long as 0.8886 support turned resistance holds. On the downside, break of 0.8716 temporary low will resume the fall from 0.9243 […]
08/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9384; (P) 0.9411; (R1) 0.9445; More…. Intraday bias in EUR/CHF remains neutral as range trading continues. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. However, break of 0.9332 will dampen […]