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Daily Pivots: (S1) 1.3242; (P) 1.3288; (R1) 1.3325; More… Immediate focus is now on 1.3433/42 key resistance zone as rebound from 1.3138 resume. Decisive break there will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger picture, up […]

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19/12/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8655; (P) 0.8683; (R1) 0.8700; More…. Break of 0.8629 support suggests that USD/CHF’s decline is resuming. Intraday bias is back on the downside. Current fall from 0.9243 should target 0.8551 key support next. On the upside, above 0.8710 minor resistance will turn intraday bias neutral again first. But outlook will remain bearish […]
06/03/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6944; (P) 1.7019; (R1) 1.7106; More… Intraday bias in EUR/AUD stays on the upside for the moment. Current rise from 1.5963 should target 100% projection of 1.5963 to 1.6800 from 1.6355 at 1.7192, which is close to 1.7180 high. On the downside, below 1.6955 minor support will turn intraday bias neutral and […]
05/10/2024

USD/JPY Weekly Outlook

USD/JPY’s strong rebound and break of 38.2% retracement of 161.94 to 139.57 at 148.11 argued that fall from 161.94 has completed already. Rise from 139.57 is now seen as the second leg of the corrective pattern from 161.94. Initial bias stays on the upside this week and further rally should be seen to 61.8% retracement […]