Category: Technical Outlook

Daily Pivots: (S1) 0.8334; (P) 0.8368; (R1) 0.8408; More…. Range trading continues in USD/CHF and intraday bias stays neutral. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias will be back on…

Daily Pivots: (S1) 1.3242; (P) 1.3288; (R1) 1.3325; More… Immediate focus is now on 1.3433/42 key resistance zone as rebound from 1.3138 resume. Decisive break there will confirm larger up trend resumption. On the downside, though, below 1.3249 support will extend the corrective pattern from 1.3442 with another falling leg. In the bigger picture, up…

Daily Pivots: (S1) 1.1123; (P) 1.1171; (R1) 1.1212; More… Immediate focus is now on 1.1292 resistance in EUR/USD as rebound from 1.1064 resumes. Decisive break there will indicate that correction from 1.1572 has already completed after defending 38.2% retracement of 1.0176 to 1.1572 at 1.1039. Intraday bias will be turned back to the upside for…

Daily Pivots: (S1) 0.8334; (P) 0.8368; (R1) 0.8408; More…. Intraday bias in USD/CHF remains neutral for the moment. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias will be back on the…

Daily Pivots: (S1) 1.3937; (P) 1.3967; (R1) 1.3998; More… Intraday bias in USD/CAD remains neutral and further rise is expected with 1.3898 support intact. Above 1.4014 will resume the rebound from 1.3749 short term bottom to 1.4150 cluster resistance (38.2% retracement of 1.4791 to 1.3749 at 1.4147). However, firm break of 1.3898 will bring retest…

Daily Pivots: (S1) 1.1123; (P) 1.1171; (R1) 1.1212; More… Intraday bias in EUR/USD remains neutral for the moment. Strong support is still expected from 38.2% retracement of 1.0176 to 1.1572 at 1.1039 to complete the correction from 1.1572. On the upside, above 1.1292 will bring stronger rise back to retest 1.1572. However, sustained break of…

Daily Pivots: (S1) 1.3242; (P) 1.3288; (R1) 1.3325; More… Intraday bias in GBP/USD remains neutral and more range trading could be seen. On the upside, decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. Nevertheless, below 1.3138 will resume the correction from 1.3442. But downside should be contained by 38.2% retracement…

Daily Pivots: (S1) 145.01; (P) 145.56; (R1) 146.19; More… Intraday bias in USD/JPY remains neutral for the moment. . Fall from 158.86 might have completed at 139.87 already. Further rise is in favor as long as 144.02 support holds. Above 148.64 will target 61.8% retracement of 158.86 to 139.87 at 151.60 next. However, firm break…

Daily Pivots: (S1) 162.32; (P) 162.72; (R1) 162.97; More… Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 165.19. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term…

Daily Pivots: (S1) 0.8389; (P) 0.8411; (R1) 0.8428; More… Intraday bias in EUR/GBP remains on the downside at this point. As noted before, rise from 0.8221 should have completed as a correction to 0.8737. Initial bias is on the downside this week for 0.8221/8239 support zone. On the upside, above 0.8439 minor resistance will turn…