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EUR/CHF still didn’t succeed in breaking out of converging range last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there will bring retest of 0.9209 low. On the upside, break of 0.9444 will bring stronger rally to 0.9506 […]

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EUR/USD Weekly Outlook

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12/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… Intraday bias in USD/JPY stays neutral for the moment. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor support will turn bias to the downside for 141.67. Break there […]
18/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8818; (P) 0.8836; (R1) 0.8852; More…. No change in USD/CHF’s outlook and intraday bias stays mildly on the upside. As noted before, consolidation from 0.8884 should have completed with three waves to 0.8728. Further rally should be seen to retest 0.8891 resistance first. Firm break there will resume whole rally from 0.8332. […]
30/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3459; (P) 1.3475; (R1) 1.3500; More… USD/CAD continues to consolidate above 1.3439 temporary low and intraday bias remains neutral. Upside of recovery should be limited below 1.3617 resistance to bring another fall. On the downside, below 1.3439 will resume the decline from 1.3946 and target 1.3176 support next. In the bigger picture, […]