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Daily Pivots: (S1) 0.9252; (P) 0.9262; (R1) 0.9272; More…. Intraday bias in EUR/CHF stays neutral for the moment, and more consolidations could be seen above 0.9206. Upside should be limited below 0.9311 support turned resistance. On the downside, break of 0.9204 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9660 to […]

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30/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0780; (P) 1.0821; (R1) 1.0842; More…. Intraday bias in EUR/USD is back on the downside with break of 1.0804 support. Deeper fall would be seen to 1.0752 resistance turned support. Firm break there will argue that rebound from 1.0601 has completed, and bring retest of this low. For now, risk will be […]
13/07/2024

GBP/JPY Weekly Outlook

GBP/JPY retreated sharply after edging higher to 208.09 last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Deeper pullback could be seen through 203.82 temporary low. But downside should be contained by 38.2% retracement of 191.34 to 208.09 at 201.69 to bring rebound, and set the range […]
24/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0832; (P) 1.0865; (R1) 1.0885; More….. Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947, and […]