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EUR/CHF’s fall from 0.9660 resumed last week and dived to as low as 0.9361. Initial bias stays on the downside this week for 0.9331 structural support. Firm break there will indicate that whole rally from 0.9204 has completed as a three-wave correction, after rejection by channel resistance. Deeper decline would be seen to retest 0.9204 […]

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EUR/USD Weekly Outlook

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02/03/2024

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.8891 last week but quickly retreated. Initial bias stays neutral this week first. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back to the downside for […]
02/11/2024

EUR/AUD Weekly Outlook

EUR/AUD’s extended rebound last week suggests that corrective fall from 1.7180 has completed with three waves down to 1.6002, after drawing support from 1.5996. But as a temporary top was formed after hitting 1.6598, initial bias is turned neutral this week first. Downside of retreat should be contained by 1.6351 resistance turned support. Above 1.6598 […]
08/01/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 157.49; (P) 157.96; (R1) 158.54; More… Intraday bias in USD/JPY stays mildly on the upside for the moment. Rise from 139.57 is still in progress for 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm break there will e target 161.94 high. However, break of 156.01 support will indicate short […]