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Daily Pivots: (S1) 0.8721; (P) 0.8741; (R1) 0.8757; More…. USD/CHF’s rally is in progress despite some loss of upside momentum. Intraday bias stays on the upside. Current rise from 0.8332 would target 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. On the downside, below 0.8687 minor support will turn intraday bias neutral first. But […]

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16/11/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6491 resumed last week. Initial bias stays on the downside this week for 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421. Firm break there will target 100% projection at 0.6257 next. On the upside, above 0.6511 support turned resistance will turn intraday bias neutral and bring consolidations first. But outlook […]
28/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.52; (P) 144.35; (R1) 144.78; More… Despite weak downside momentum as seen in 4H MACD, further decline is still expected in USD/JPY with 146.47 resistance intact. Fall from 149.35 should target 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On the upside, above 146.47 […]
26/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6791; (P) 0.6850; (R1) 0.6881; More… With current retreat, a temporary top is in place at 0.6907 in AUD/USD, just ahead of 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. Intraday bias is turned neutral for consolidations first. While deeper retreat cannot be ruled out, outlook will stay bullish as […]