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USD/CHF’s fall from 0.9243 continued to as low as 0.8675 last week, and there is no clear sign of bottoming yet. Initial bias remains on the downside this week for 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is close to 0.8551 low. Considering bullish convergence condition in 4H MACD, strong support […]

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07/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0731; (P) 1.0746; (R1) 1.0770; More… Intraday bias in EUR/USD is turned neutral first with current recovery. Focus remains on 1.0722 structural support. Decisive break there will argue that whole rise from 1.0447 has completed. Deeper fall would then be seen to target this low. On the upside, break of 1.0896 resistance […]
22/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0799; (P) 1.0811; (R1) 1.0833; More… Intraday bias in EUR/USD stays on the upside for the moment. Sustained trading above above 55 D EMA (now at 1.0832) will argue that fall from 1.1138 has completed and target this resistance. Meanwhile, rejection by 55 D EMA, followed by break of 1.0761 minor support […]
30/01/2024

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.6340; (P) 1.6423; (R1) 1.6470; More… Intraday bias in EUR/AUD is turned neutral first with today’s strong recovery. On the upside, break of 1.6512 minor resistance will argue that pull back from 1.6671 has completed, and revive near term bullishness. Intraday bias will be back on the upside for 1.6671 resistance. On […]