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USD/CHF was supported by 0.8883 fibonacci level and recovered. But upside was capped by 0.8987 support turned resistance. Initial bias stays neutral this week first. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue […]

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EUR/CHF Weekly Outlook

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EUR/AUD Daily Outlook

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14/09/2024

GBP/JPY Weekly Outlook

GBP/JPY fell further to 183.70 last week but recovered since then. Initial bias remains neutral this week first. Outlook will stay cautiously bearish as long as 189.72 resistance holds. Below 183.70 will resume the fall from 193.45 to retest 180.00 low. Firm break there will extend whole decline from 208.09 to 175.94 fibonacci level. In […]
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USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3629; (P) 1.3680; (R1) 1.3710; More… Intraday bias in USD/CAD is back on the downside with break of 1.3660 support. Fall from 1.3845 short term top would extend to 55 D EMA (now at 1.3597). On the upside, above 1.3730 minor resistance will turn bias back to the upside for retesting 1.3845 […]
08/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6259; (P) 1.6322; (R1) 1.6356; More.. Intraday bias in EUR/AUD remains mildly on the upside for the moment. Rebound from 1.6127 short term bottom would target 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume […]