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Daily Pivots: (S1) 162.94; (P) 163.17; (R1) 163.59; More… EUR/JPY’s break of 162.55 minor support indicates short term topping at 163.70. Considering bearish divergence condition in 4H MACD, it could now be corrective whole rise from 153.15. Intraday bias is back on the downside for channel support (now at 160.93). Firm break there will target […]

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20/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8604; (P) 0.8641; (R1) 0.8666; More….. USD/CHF’s break of 0.8616 support should indicate that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias is back on the downside for retesting 0.8431 low. For now, risk will stay on the downside as […]
15/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9609; (P) 0.9619; (R1) 0.9629; More… Intraday bias in EUR/CHF remains neutral and further rally is expected with 0.9510 support intact. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. However, considering bearish divergence condition in […]
22/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8536; (P) 0.8587; (R1) 0.8614; More…. Immediate focus is now on 0.8551 support in USD/CHF. Strong support could be seen there to bring rebound. Break of 0.8650 minor resistance will indicate short term bottoming, and turn bias back to the upside for 0.8819 resistance. However, sustained break of 0.8551 could trigger downside […]