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Daily Pivots: (S1) 153.70; (P) 154.25; (R1) 155.21; More… USD/JPY rebounded after dipping to 153.27 and the break of 155.35 minor resistance suggests that pull back from 156.74 has completed. Intraday bias is back on the upside. Break of 156.74 will resume the whole rally from 139.57 towards 161.94 high. On the downside, though, break […]

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22/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8878; (P) 0.8936; (R1) 0.9033; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 is in progress for 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. On the downside, below 0.8922 minor support will turn intraday bias neutral again. But, outlook will […]
12/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0769; More…. Intraday bias in EUR/USD is turned neutral first with 4H MACD crossed above signal line. Further fall is in favor as long as 55 4H EMA (now at 1.0814) holds. Decline from 1.0915 is seen as another falling leg of the corrective pattern from 1.1274. Break […]
08/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0755; (P) 1.0770; (R1) 1.0787; More… EUR/USD is still holding above 1.0722 support and intraday bias stays neutral. On the downside, decisive break of 1.0722 will argue that whole rise from 1.0447 has completed. Deeper fall would then be seen to target this low. On the upside, break of 1.0896 resistance is […]