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USD/CHF’s stronger than expected rebound argues that fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Initial bias is mildly on the upside for channel resistance (now at 0.9037). Firm break there will target 0.9157 resistance next. On the downside, below 0.8956 minor support will turn intraday bias neutral gain first. […]

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EUR/USD Daily Outlook

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11/05/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rebound last week suggest that pullback from 171.58 has completed at 164.01 already. Initial bias stays on the upside this week for 168.64 resistance, as the second leg of the corrective pattern from 171.58. On the downside, break of 166.73 minor support will turn bias back to the downside to start the third leg. […]
08/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 173.79; (P) 174.14; (R1) 174.57; More… EUR/JPY dips mildly today but stays above 173.07 minor support. Intraday bias remains neutral for the moment. More sideway trading could be seen first. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection of 164.01 to 170.87 from […]
04/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9361; (P) 0.9403; (R1) 0.9430; More…. No change in EUR/CHF’s outlook and intraday bias stays neutral first. As noted before, rebound from 0.9209 could have completed at 0.9579 already. Deeper fall is expected as long as 0.9455 minor resistance holds. Break of 0.9351 will target 0.9209 low next. However, break of 0.9497 […]