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Daily Pivots: (S1) 0.8757; (P) 0.8793; (R1) 0.8813; More…. Immediate focus is now on 0.8741 support in USD/CHF. Decisive break there will argue that whole rebound from 0.8332 has completed at 0.8891. Deeper fall would then be seen back to 0.8550 support next. Nevertheless, strong bounce from current level will retain near term bullishness for […]

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23/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9103; (P) 0.9113; (R1) 0.9131; More…. USD/CHF is still bounded in consolidation 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 […]
23/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8878; (P) 0.8890; (R1) 0.8909; More… Intraday bias in USD/CHF is back on the upside with break of 0.8914 support turned resistance. Further rally should be seen to 55 D EMA (now at 0.8967) and possibly above. But still, break of 0.9049 resistance is needed to confirm that fall from 0.9223 has […]
09/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.42; (P) 142.66; (R1) 143.54; More… Intraday bias in USD/JPY is turned neutral with 4H MACD crossed above signal line. But further decline is expected as long as 147.20 resistance holds. Decisive break of 141.67 will resume whole decline from 161.95 high. Next target will be 140.25 support. In the bigger picture, […]