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USD/CHF’s strong rebound last week suggests that correction from 0.8956 has already completed at 0.8735, and rise from 0.8374 is ready to resume. Initial bias stays on the upside this week. Break of 0.8956 will confirm this bullish case and target 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below […]

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17/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3659; (P) 1.3683; (R1) 1.3699; More… USD/CAD’s rebound lost momentum after hitting 1.3707 and intraday bias is turned neutral first. Outlook is unchanged that corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Above 1.3707 will target 1.3790 […]
26/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0843; (P) 1.0888; (R1) 1.0929; More… EUR/USD is staying in range above 1.0821 and intraday bias remains neutral. On the downside, break of 1.0821 will resume the fall from 1.1138 to 1.0722 support. On the upside, above 1.0931 will resume the rebound from 1.0821 towards 1.1138 resistance. In the bigger picture, price […]
01/06/2024

USD/CHF Weekly Outlook

USD/CHF’s steep decline last week suggests that rebound from 0.8987 has completed at 0.9157. Initial bias stays on the downside this week for 0.8987. Firm break there will resume the fall from 0.9223 to 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. On the upside, above 0.9065 minor resistance will turn intraday bias […]