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Daily Pivots: (S1) 0.8953; (P) 0.8987; (R1) 0.9009; More…. Intraday bias in USD/CHF is turned neutral with 4H MACD crossed below signal line. Some consolidations would be seen below 0.9019 temporary top first. But downside of retreat should be contained above 0.8838 support to bring rebound. Break of 0.9019 will resume larger rally from 0.8332. […]

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18/01/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9351; (P) 0.9370; (R1) 0.9389; More… Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 0.9252 short term bottom is in progress for 55 D EMA (now at 0.9448). Sustained break there will target 38.2% retracement of 1.0095 to 0.9252 at 0.9574. On the downside, though, break of […]
17/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.08; (P) 146.70; (R1) 147.80; More… USD/JPY’s rally from 140.25 continues today, and breaks through 61.8% retracement of 151.89 to 140.25 at 147.4. There is no sign of topping yet and intraday bias stays on the upside. Next target is 151.89/93 key resistance zone. On the downside, below 146.27 minor support will […]
20/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.64; (P) 163.32; (R1) 164.61; More… EUR/JPY’s long term up trend resumed by breaking through 164.29 resistance. Intraday bias stays on the upside. Next near term target will be 61.8% projection of 153.15 to 163.70 from 160.20 at 166.71. On the downside, Below 163.81 minor support will turn intraday bias neutral and […]