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Daily Pivots: (S1) 0.8256; (P) 0.8309; (R1) 0.8337; More…. Intraday bias in USD/CHF remains on the downside for the moment. Corrective recovery from 0.8038 could have completed at 0.8475 already. Break of 0.8184 support will solidify this bearish case. Further break of 0.8038 will resume larger down trend to 61.8% projection of 0.9200 to 0.8038 […]

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21/01/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.17; (P) 155.88; (R1) 156.33; More… Intraday bias in USD/JPY remains mildly on the downside as fall from 158.86 short term top is in progress. Sustained break of 55 D EMA (now at 154.61) will target 8.2% retracement of 139.57 to 158.86 at 151.49 next. Nevertheless, firm break of 156.67 resistance will […]
07/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9672; (P) 0.9697; (R1) 0.9709; More…. No change in EUR/CHF’s outlook and intraday bias remains neutral at this point. On the upside, break of 0.9740 minor resistance will argue that pull back from 0.9928 has completed after hitting 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Intraday bias will be back on […]
03/08/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rise from 1.5996 extended through 1.6742 resistance last week despite interim pullback. The development strengthens the case that corrective fall from 1.7062 has completed with three waves down to 1.5998. Initial bias is on the upside this week for retesting 1.7062 high. On the downside, break of 1.6474 support is needed to indicate short […]