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Daily Pivots: (S1) 152.48; (P) 153.40; (R1) 154.86; More… Intraday bias in USD/JPY remains neutral as consolidations continue above 151.93 temporary low. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. […]

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09/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9000) will bring deeper fall to […]
14/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3473; (P) 1.3540; (R1) 1.3586; More… USD/CAD’s fall from 1.3897 resumed by breaking through 1.3479 support. Intraday bias is back on the downside for 1.3378 support zone. Strong support is expected there to bring rebound. But still, break of 1.3617 resistance is needed to indicate short term bottoming. Otherwise, risk will stay […]
12/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8955; (P) 0.8974; (R1) 0.8996; More…. USD/CHF failed to break through 0.8987 support turned resistance decisively despite breaching it. Intraday bias stays neutral first. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, after drawing support from 0.8883 fibonacci level. Intraday bias will […]