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EUR/CHF’s retreat from 0.9579 extended lower last week but recovered slightly ahead of 0.9448 support. Initial bias remains neutral this week first, and further rally is in favor. On the upside, sustained break of 55 D EMA (now at 0.9576) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will […]

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24/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2887; (P) 1.2941; (R1) 1.2974; More… Further decline is expected in GBP/USD as long as 1.3070 resistance holds, despite loss of momentum as seen in 4H MACD. Fall from 1.3433 should target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, firm break of 1.3070 resistance will indicate short term bottoming, and […]
20/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8802; (P) 0.8819; (R1) 0.8841; More…. USD/CHF is staying in consolidation from 0.8884 and intraday bias stays neutral. Further rally is expected as long as 0.8727 resistance turned support holds. On the upside, break of 0.8885 will resume the rise from 0.8332 and target and 100% projection of 0.8332 to 0.8727 from […]
14/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… Intraday bias in GBP/USD remains on the upside at this point. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen to retest 1.3043 resistance first. Firm break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to […]