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Daily Pivots: (S1) 157.49; (P) 157.74; (R1) 158.14; More… Intraday bias in USD/JPY stays mildly on the upside despite weak momentum as seen in 4H MACD. Current rise from 139.57 is still in progress for 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. Firm break there will pave the way back to […]

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18/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0855; (P) 1.0929; (R1) 1.0970; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation from 1.1016 could extend further and deeper retreat cannot be ruled out. But further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 […]
28/01/2025

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9030; (P) 0.9058; (R1) 0.9087; More… Intraday bias in USD/CHF remains on the downside as fall from 0.9200 short term top is in progress. Sustained break of 55 D EMA (now at 0.8959) will target 38.2% retracement of 0.8374 to 0.9200 at 0.8884 next. Firm break of 0.8884 will indicate bearish reversal. […]
20/02/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8802; (P) 0.8819; (R1) 0.8841; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8884 is still extending. Further rally is expected as long as 0.8727 resistance turned support holds. On the upside, break of 0.8885 will resume the rise from 0.8332 and target and 100% projection of 0.8332 to 0.8727 […]