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Range trading continued in USD/CHF last week and outlook is unchanged. Further decline is in favor with 0.8548 resistance intact. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. Nevertheless, firm break of 0.8548 will turn bias back to […]

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13/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6591; (P) 0.6608; (R1) 0.6620; More… Intraday bias in AUD/USD remains neutral for the moment. Further rally is in favor as long as 55 4H EMA (now at 0.6577) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will bring deeper fall […]
23/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9889; (P) 0.9903; (R1) 0.9923; More…. EUR/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Sustained break of 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899 will pave the way to 100% projection at 1.0106, which is slightly above 1.0095 key structural resistance. On the […]
06/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0890; (P) 1.0913; (R1) 1.0954; More… EUR/USD’s fall from 1.1213 accelerates further and intraday bias remains on the downside. Next target is 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656. Firm break there will pave the way to 100% projection at 1.0483.For now, near term outlook will stay bearish as […]