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Daily Pivots: (S1) 0.7957; (P) 0.7972; (R1) 0.7993; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, sustained trading above 55 D EMA (now at 0.8014) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly above. […]

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04/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8474; (P) 0.8506; (R1) 0.8534; More… No change in USD/CHF’s outlook and intraday bias stays neutral for now. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will resume the fall from 0.9223 and target 0.8332 low. However, considering bullish convergence condition in 4H MACD, firm break of […]
10/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1016; (P) 1.1053; (R1) 1.1073; More…. Outlook in EUR/USD remains unchanged and intraday bias stays neutral. Consolidation from 1.1200 could extend with deeper pull back, but downside should be contained by 38.2% retracement of 1.0665 to 1.1200 at 1.0996 to bring rebound. Break of 1.1200 will resume larger rise towards 1.1274 high. […]
08/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6655; (P) 0.6702; (R1) 0.6762; More… With 0.6759 minor resistance intact, further decline is expected in AUD/USD. Fall from 0.6870 short term top would target 55 D EMA (now at 0.6612). Some support could be seen there to bring rebound on first attempt. On the upside, however, break of 0.6759 minor resistance […]