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USD/CHF’s steep decline last week suggests that corrective rebound from 0.7828 has already completed at 0.8075. But as a temporary low was formed at 0.7872, initial bias is turned neutral this week first. On the downside, below 0.7872 will bring retest of 0.7828. Firm break there will resume larger down trend. However, break of 0.7984 […]

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28/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9141; (R1) 0.9151; More…. USD/CHF’s retreat from 0.9157 extends lower but stays above 0.9077 minor support. Intraday bias remains neutral and another rise is in favor. On the upside, above 0.9157 will bring retest of 0.9223. However, on the downside, break of 0.9077 will suggest that rebound from 0.8987 has […]
20/02/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4195; (P) 1.4220; (R1) 1.4266; More… USD/CAD is staying in consolidations above 1.4150 temporary low and intraday bias remains neutral. Deeper decline is expected as long as 1.4378 resistance holds. Fall from 1.4791 is correcting whole rise from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to […]
20/04/2024

EUR/AUD Weekly Outlook

EUR/AUD’s strong rebound from 1.6368 extended higher last week and the development argues that fall from 1.6742 has completed with three waves down to 1.6368. Initial bias stays on the upside this week for retesting 1.6742 next. On the downside, however, break of 1.6534 will turn bias back to the downside for retesting 1.6368 support […]