USD/CHF Daily Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0936; (R1) 1.0961; More… EUR/USD continues to trade sideway above 1.0876 and intraday bias stays neutral for the moment. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for […]

GBP/USD edged higher to 1.2859 last week, but subsequent decline argues that rise from 1.2298 has completed already, on bearish divergence condition in 4H MACD. Initial bias remains on the downside this week for 1.2633 resistance turned support first. Firm break there will target 1.2445 and below. For now, risk will be on the downside […]

Daily Pivots: (S1) 0.8811; (P) 0.8850; (R1) 0.8871; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8916 is still extending. Outlook remains bullish as long as 0.8773 resistance turned support holds. On the upside, break of 0.8916 and sustained trading above 61.8% retracement of 0.9223 to 0.8374 at 0.8899 will pave the way […]