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Daily Pivots: (S1) 0.9324; (P) 0.9379; (R1) 0.9424; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. In the bigger picture, medium term corrective […]

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EUR/USD Daily Outlook

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10/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9011; (P) 0.9038; (R1) 0.9064; More…. Intraday bias in USD/CHF remains neutral and consolidation from 0.9094 is extending. Deeper decline cannot be ruled out, but outlook will stay bullish as long as 0.8884 resistance turned support holds. On the upside, break of 0.9094 will resume larger rise from 0.8332 to 0.9243 key […]
27/01/2024

GBP/JPY Weekly Outlook

GBP/JPY edged higher to 188.90 last week but retreated since then. Initial bias remains neutral this week first. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. However, […]
29/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2940; (P) 1.2971; (R1) 1.3001; More… GBP/USD is still bounded in consolidation above 1.2906 and intraday bias stays neutral. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break […]