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Daily Pivots: (S1) 0.8079; (P) 0.8173; (R1) 0.8246; More… Intraday bias in USD/CHF stays on the downside at this point. Current down trend should target 200% projection of 0.9196 to 0.8757 from 0.8854 at 0.7976 next. On the upside, above 0.8256 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another […]

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15/12/2024

EUR/CHF Weekly Outlook

EUR/CHF’s strong rally and decisive break of 0.9434 resistance last week confirmed resumption of the rebound from 0.9204. Initial bias stays on the upside this week for 100% projection of 0.9204 to 0.9343 from 0.9254 at 0.9393. Decisive break there could prompt upside acceleration through 0.9444 resistance to 161.8% projection at 0.9479. On the downside, […]
30/11/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0947; (P) 1.0982; (R1) 1.1004; More… Intraday bias in EUR/USD is turned neutral with current retreat, and some consolidations would be seen first. But further rally is expected as long as 1.0851 support holds. Above 1.1016 will resume the rise from 1.0447 to 1.1274 resistance next. But strong resistance should be seen […]
04/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2615; (P) 1.2640; (R1) 1.2679; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise […]