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Daily Pivots: (S1) 0.9006; (P) 0.9024; (R1) 0.9051; More… USD/CHF is staying in consolidation from 0.9200 and intraday bias remains neutral. While deeper pull back might be seen, outlook will stay mildly bullish as long as 38.2% retracement of 0.8374 to 0.9200 at 0.8884 holds. On the upside, firm break of 0.9223 key resistance will […]

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07/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8731; (P) 0.8746; (R1) 0.8762; More…. Intraday bias in USD/CHF remains neutral as range trading continues. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume the decline from 0.9243 to 161.8% projection of 0.9243 to 0.8886 from 0.9111 at 0.8533, which is close to 0.8551 […]
24/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.68; (P) 159.93; (R1) 160.82; More…. A temporary top is formed at 161.17with current retreat and intraday bias is turned neutral first. Some consolidations could be seen first but another rally is expected as long as 155.14 support holds. Above 161.17 will resume the rise from 155.14, as the third leg of […]
01/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3344; (P) 1.3383; (R1) 1.3417; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3433 is extending. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3433 will resume larger rise to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. Nevertheless, considering bearish divergence […]