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Daily Pivots: (S1) 154.68; (P) 155.28; (R1) 156.04; More… USD/JPY dips notably today but stays in range of 153.27/156.74. Intraday bias remains neutral at this point. On the upside, break of 156.74 will resume the whole rally from 139.57 towards 161.94 high. On the downside, though, break of 153.27 will resume the correction towards 38.2% […]

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USD/CHF Daily Outlook

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03/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1024; (P) 1.1054; (R1) 1.1074; More…. No change in EUR/USD’s outlook. Intraday bias stays neutral and further rally is still expected with 1.1001 cluster support (38.2% retracement of 1.0665 to 1.1213 at 1.1004) intact. Break of 1.1213 will target 1.1274 high. However, decisive break of 1.1001/4 will confirm near term bearish reversal. […]
02/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9245; (P) 0.9298; (R1) 0.9341; More… Intraday bias in EUR/CHF is turned neutral with current recovery, and some more consolidations would be seen above 0.9252. But further decline is expected as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend. Next target is […]
13/04/2024

EUR/CHF Weekly Outlook

EUR/CHF’s decline last week indicates short term topping at 0.9847, on bearish divergence condition in 4H MACD. Initial bias is mildly on the downside for 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for sideway trading. Nevertheless, for […]