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EUR/CHF’s rally was limited below 0.9516 resistance last week and outlook is turned mixed for now. 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 break of 0.9516 […]

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03/02/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.94; (P) 160.72; (R1) 161.54; More… EUR/JPY’s strong break of 159.74 support confirms resumption of whole fall from 164.89. Intraday bias is back on the downside for 156.16 support next. Overall, consolidation pattern from 154.40 could still extend. Above 161.48 minor resistance will turn bias back to the upside for 164.07 resistance. […]
20/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3188; (P) 1.3251; (R1) 1.3349; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside for 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 in the near term. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, however, break […]
22/11/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6494; (P) 0.6514; (R1) 0.6530; More… AUD/USD is staying in consolidation from 0.6440 and intraday bias remains neutral. Outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive break of 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421 will resume the fall from 0.6941 to 100% […]