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Daily Pivots: (S1) 0.8678; (P) 0.8710; (R1) 0.8729; More…. Intraday bias in USD/CHF remains neutral for the moment. With 0.8550 support intact, further rally is still expected. On the upside, break of 0.8740 will resume the rebound from 0.8332 to 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. In the bigger picture, there is […]

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20/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… GBP/USD dips notably today but stays well above 1.2499 support. Intraday bias remains neutral first. While more consolidations could be seen, further rally is still expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 […]
12/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8770; (P) 0.8790; (R1) 0.8790; More… USD/CHF’s rally is in progress and intraday bias stays on the upside. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899. Sustained trading above there will pave the way towards 0.9223 high. On the downside, below 0.8773 support will turn intraday […]
24/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8449; (P) 0.8484; (R1) 0.8510; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias stays neutral at this point. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition […]