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USD/CHF’s extended decline last week indicates that rise from 0.8374 has already completed at 0.9200, after rejection by 0.9223 key resistance. Initial bias stays on the downside this week for 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break there will pave the way back to 0.8374 support. On the upside, above 0.8855 minor […]

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18/02/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4165; (P) 1.4179; (R1) 1.4199; More… A temporary low is formed at 1.4150 with current recovery, and intraday bias in USD/CAD is turned neutral first. Deeper decline will remain in favor as long as 1.4378 resistance holds. Fall from 1.4791 is correcting whole rise from 1.3418. Break of 1.4150 will target 1.3946 […]
03/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8599; (R1) 0.8628; More…. USD/CHF rebounds notably today but stays in range below 0.8727. Intraday bias remains neutral first. On the upside, firm break of 0.8727 will resume the rebound to 61.8% retracement of 0.9243 to 0.8332 at 0.8995. On the downside, below 0.8550 will resume the fall from 0.8727 […]
18/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9629; (P) 0.9692; (R1) 0.9726; More…. EUR/CHF’s steep decline suggests that rebound from 0.9476 has completed at 0.9772 already. Intraday bias is back on the downside. Firm break of 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will target 61.8% retracement at 0.9589 and possibly below. On the upside, above 0.9772 will […]