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USD/CHF’s fall from 0.9223 accelerated lower last week and there is no sign of bottoming yet. Initial bias remains on the downside this week and deeper decline would be seen to retest 0.8332 low. On the upside, above 0.8662 minor resistance will turn intraday bias neutral and bring consolidations. But outlook will remain bearish as […]

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EUR/CHF Weekly Outlook

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USD/JPY Daily Outlook

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04/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 161.00; (P) 161.48; (R1) 162.18; More… Intraday bias in turned neutral with current retreat and some consolidations would be seen below 161.94 temporary top. But further rally is expected as long as 160.25 minor support holds. Break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from […]
15/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2549; (P) 1.2617; (R1) 1.2661; More… GBP/USD dips notably today but stays above 1.2517 support. Intraday bias remains neutral for the now. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of […]
18/01/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9351; (P) 0.9370; (R1) 0.9389; More… Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 0.9252 short term bottom is in progress for 55 D EMA (now at 0.9448). Sustained break there will target 38.2% retracement of 1.0095 to 0.9252 at 0.9574. On the downside, though, break of […]