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Daily Pivots: (S1) 0.7984; (P) 0.8011; (R1) 0.8045; More… Intraday bias in USD/CHF remains on the upside for the moment. Corrective pattern from 0.7878 is in its third leg. Further rise should be seen to 0.8075 resistance. Firm break there will target 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. On the downside, […]

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EUR/USD Mid-Day Outlook

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02/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below 61.8% retracement of 0.8332 to 0.9223 at 0.8672 will pave the way to retest 0.8332 low. On the upside, above […]
07/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.38; (P) 162.67; (R1) 163.14; More… Intraday bias in EUR/JPY is back on the downside with break of 161.67 support. Price actions from 163.70 could be a correction to the rally from 153.15, or reversing the whole move. In either case, deeper fall would be seen to 38.2% retracement of 153.15 to […]
09/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2692; (P) 1.2729; (R1) 1.2786; More… GBP/USD is extending sideway trading below 1.2826 and intraday bias remains neutral. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price […]