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Daily Pivots: (S1) 0.8211; (P) 0.8251; (R1) 0.8251; More…. Intraday bias in USD/CHF is turned neutral first with current recovery. But risk will remain on the downside as long as 0.8475 resistance holds. Corrective rebound from 0.8038 should have completed already. Below 0.8208 will bring retest of 0.8038 first. Firm break there will resume larger […]

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30/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 140.66; (P) 143.58; (R1) 145.08; More… Intraday bias in USD/JPY remains on the downside for the moment. Fall from 146.48 is in progress for retesting 139.578. Strong support could be seen again from 139.26 fibonacci level to bring rebound. However, firm break of 139.26 will carry larger bearish implications. In the bigger […]
24/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9722; (P) 0.9741; (R1) 0.9780; More… The strong break of 55 4H EMA suggest that EUR/CHF’s pull back from 0.9847 has completed at 0.9563 already. Intraday bias is back on the upside for retesting 0.9847 high. Decisive break there will resume larger rally from 0.9252. On the downside, below 0.9708 minor support […]
25/05/2024

EUR/GBP Weekly Outlook

EUR/GBP fell to as low as 0.8498 last week but recovered just ahead of 0.8491/7 support zone. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 55 D EMA (now at 0.8564) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level […]