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Daily Pivots: (S1) 0.8792; (P) 0.8815; (R1) 0.8834; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. With 0.8800 support intact, further rally remains in favor. On the upside, break of 0.8956 will resume the rally from 0.8374, and target 0.9223 key resistance next. However, firm break of 0.8800 will confirm short term […]

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14/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9010) will bring deeper fall to 38.2% retracement of […]
17/12/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.40; (P) 161.80; (R1) 162.47; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. Another rise is in favor as long as 159.09 support holds. Sideway pattern from 154.40 might still be in progress with another rising leg. Break of 162.46 will target 166.67 resistance. Nevertheless, break of 159.09 […]
14/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8817; (P) 0.8841; (R1) 0.8883; More… Intraday bias in USD/CHF remains on the upside for the moment. Sustained break of 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way to 0.9223 high. On the downside, below 0.8835 minor support will turn intraday bias neutral and bring consolidations, before staging […]