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Daily Pivots: (S1) 147.57; (P) 147.97; (R1) 148.61; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.11 temporary top. Further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]

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05/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6499; (P) 0.6517; (R1) 0.6528; More… Intraday bias in AUD/USD stays neutral for the moment, and further decline is expected with 0.6594 resistance intact. On the downside, below 0.6486 will target a retest on 0.6442 first. Firm break there will resume whole decline from 0.6870 for 61.8% projection of 0.6870 to 0.6442 […]
16/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… Intraday bias in USD/CHF remains on the upside at this point. Rise from 0.8374 short term bottom should target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be […]
27/08/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9442; (P) 0.9467; (R1) 0.9482; More…. EUR/CHF’s break of 0.9448 support suggests that rebound from 0.9209 has completed at 0.9579, after rejection by 55 D EMA (now at 0.9569). That also keeps the whole decline from 0.9928 high intact. Intraday bias is back on the downside for retesting 0.9029 low next. For […]