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Daily Pivots: (S1) 0.9421; (P) 0.9436; (R1) 0.9458; More…. Range trading continues in EUR/CHF and intraday bias remains neutral. On the downside, break of 0.9359 support will revive the case that choppy rise from 0.9204 is merely a correction and has completed. Deeper fall should then be seen back to retest 0.9204 low. However, firm […]

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26/10/2024

USD/CHF Weekly Outlook

USD/CHF’s rise from 0.8374 continued last week but formed a temporary top at 0.8685. Initial bias remains neutral this week first. Further rise is expected as long as 0.8629 minor support holds. Decisive break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed after defending 0.8332 low. […]
04/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3507; (P) 1.3535; (R1) 1.3579; More… While USD/CAD’s recovery from 1.3439 extended, upside is capped below 1.3617 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 […]
16/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1063; (P) 1.1083; (R1) 1.1095; More…. EUR/USD’s rebound from 1.1001 extends higher today but stays below 1.1153 resistance. Intraday bias remains neutral first. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, below 1.1072 minor […]