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Daily Pivots: (S1) 151.12; (P) 151.83; (R1) 152.32; More… USD/JPY’s rally from 139.57 resumed by breaking 153.87 resistance and intraday bias is back on the upside. Sustained trading above of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. For now, outlook will stay bullish as long as […]

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21/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1090; (P) 1.1112; (R1) 1.1151; More…. Intraday bias in EUR/USD remains on the upside for the moment. Firm break of 1.1138 resistance will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1071 minor support will turn intraday bias neutral and bring consolidations first. But outlook […]
20/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8866; (P) 0.8882; (R1) 0.8898; More…. Intraday bias in USD/CHF remains on the upside and outlook is unchanged. Decisive break of 0.8891 resistance will confirm resumption of rally from 0.8332. Next target is 61.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8934. On the downside, below 0.8818 minor support will turn […]
19/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8445; (R1) 0.8498; More… No change in USD/CHF’s outlook as it’s still bounded in range of 0.8374/8548. Intraday bias remains neutral for the moment. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive […]