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Daily Pivots: (S1) 0.8785; (P) 0.8803; (R1) 0.8819; More…. USD/CHF is extending the consolidation from 0.8884 and intraday bias stays neutral. With 0.8727 resistance turned support intact, further rally is expected. On the upside, above 0.8884 will resume the rally from 0.8332 to 100% projection of 0.8332 to 0.8727 from 0.8550 at 0.8954. However, sustained […]

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10/08/2024

EUR/USD Weekly Outlook

EUR/USD retreated after initial rise to 1.1007 last week and turned into consolidations. Initial bias stays neutral this week first. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further break there will resume rally from […]
12/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… Intraday bias in USD/JPY remains neutral at this point. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to 61.8% […]
18/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8883; (P) 0.8908; (R1) 0.8921; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, […]