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Daily Pivots: (S1) 0.8106; (P) 0.8149; (R1) 0.8233; More… USD/CHF’s break of 0.8196 minor resistance suggests short term bottoming at 0.8038, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for stronger recovery to 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Strong resistance should be seen there to limit […]

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05/03/2025

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8268; (P) 0.8287; (R1) 0.8323; More… A short term bottom is in place in EUR/GBP with break of 0.8239 resistance. Intraday bias is back on the upside for 38.2% retracement of 0.8472 to 0.8239 at 0.8328. Sustained break there will argue that whole fall from 0.8472 has completed and target 61.8% retracement […]
31/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2919; (P) 1.2981; (R1) 1.3025; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2906 temporary low. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm […]
16/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8937; (P) 0.8955; (R1) 0.8975; More… Intraday bias in USD/CHF stays neutral first. Another fall is mildly in favor with 0.9000 resistance intact. Below 0.8914 will bring retest of 0.8825 low. However, break of 0.9000 will turn bias back to the upside for 0.9049 resistance instead. In the bigger picture, with 0.9243 […]