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Daily Pivots: (S1) 0.9036; (P) 0.9065; (R1) 0.9099; More… Intraday bias in USD/CHF remains neutral for the moment. Rise from 0.9374 stays intact with strong support seen from near term rising channel. On the upside, break of 0.9107 will target 0.9200 and 0.9223 key resistance. On the downside, however, break of 0.8964 will resume the […]

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17/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.63; (P) 194.47; (R1) 195.24; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support will […]
16/12/2023

USD/CAD Weekly Outlook

USD/CAD’s fall from 1.3897 resumed and accelerated lower last week, closing below 1.3378 support. The development argues that whole rise from 1.3091 has completed at 1.3897 already. Initial bias stays on the downside this week. Sustained trading below 1.3378 will bring deeper fall to 1.3091 support next. For now, risk will stay on the downside […]
28/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9915; (P) 0.9922; (R1) 0.9930; More…. EUR/CHF’s rally is still in progress and intraday bias stays on the upside. Current rise from 0.9252 should target 100% projection of 0.9304 to 0.9847 from 0.9563 at 1.0106, which is slightly above 1.0095 key structural resistance. On the downside, below 0.9880 minor support will turn […]