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USD/CHF’s extended rebound last week suggests that corrective pattern from 0.7828 is not complete. Instead, it’s now extending with a third leg. Initial bias stays on the upside this week for 0.8075 resistance first. Break there will target 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. On the downside, below 0.8008 minor support […]

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EUR/CHF Weekly Outlook

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12/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. Intraday bias in USD/CHF stays neutral for the moment. Consolidation from 0.8332 is extending and stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 […]
30/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3459; (P) 1.3475; (R1) 1.3500; More… USD/CAD continues to consolidate above 1.3439 temporary low and intraday bias remains neutral. Upside of recovery should be limited below 1.3617 resistance to bring another fall. On the downside, below 1.3439 will resume the decline from 1.3946 and target 1.3176 support next. In the bigger picture, […]
07/09/2024

EUR/GBP Weekly Outlook

EUR/GBP extended the consolidations from 0.8399 last week and outlook is unchanged. Initial bias remains neutral this week first. While stronger recovery might be seen, outlook will stay bearish as long as 0.8466 resistance holds. Break of 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger down […]