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Daily Pivots: (S1) 1.3764; (P) 1.3813; (R1) 1.3866; More… Intraday bias in USD/CAD stays mildly on the downside at this point. Fall from 1.4791 is in progress for 1.3727 fibonacci level next. On the upside, however, firm break of 1.3903 resistance should indicate short term bottoming, and turn bias back to the upside for stronger […]

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15/03/2025

USD/CHF Weekly Outlook

USD/CHF edged lower to 0.8757 last week but recovered since then. Initial bias remains neutral this week and more consolidation could be seen. But upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained […]
23/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9448; (P) 0.9479; (R1) 0.9501; More…. Intraday bias in EUR/CHF remains neutral and another rally is still in favor with 0.9448 support intact. On the upside, sustained break of 55 D EMA (now at 0.9576) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will suggest rejection […]
07/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3743; (P) 1.3799; (R1) 1.3842; More… USD/CAD’s break of 1.3786 support confirms short term topping at 1.3946, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 1.3726). Sustained break there would dampen the original bullish outlook and bring deeper fall. On […]