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Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9135; More…. No change in USD/CHF’s outlook as consolidation from 0.9151 is extending. While deeper pullback cannot be ruled out, further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 0.9243 key resistance next. In the bigger picture, price actions from 0.8332 […]

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02/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3683; (P) 1.3716; (R1) 1.3769; More… USD/CAD’s rebound from 1.3626 resumed by breaking through 1.3733, but stays below 1.3790 resistance. Intraday bias remains neutral first. Consolidation from 1.3845 could extend further. While another fall could be seen, downside should be contained by 1.3589 cluster support (38.2% retracement of 1.3176 to 1.3845 at […]
25/03/2024

EUR/USD Weekly Outlook

EUR/USD’s fall from 1.0980 continued last week and the strong break of 55 D EMA suggest that rebound from 1.0694 has completed. Initial bias stays on the downside for retesting 1.0694 first. Break there will resume the decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, […]
26/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0827; (R1) 1.0852; More… Intraday bias in EUR/USD stays neutral for the moment, with consolidations from 1.0801 extending. Risk will stay on the downside as long as 55 4H EMA (now at 1.0862) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break there will resume […]