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Daily Pivots: (S1) 143.08; (P) 143.75; (R1) 144.68; More… USD/JPY’s fall from 148.64 resumed after brief recovery. Intraday bias is back on the downside for retesting 139.87 low. On the upside, above 144.31 minor resistance will turn intraday bias neutral again first. In the bigger picture, price actions from 161.94 are seen as a corrective […]

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02/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… No change in USD/CHF’s outlook and intraday bias remains on the upside. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading above the near term falling channel resistance will bring further rally to 0.9157 resistance next. On the downside, below […]
24/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0832; (P) 1.0865; (R1) 1.0885; More….. Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947, and […]
28/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8388; (P) 0.8437; (R1) 0.8464; More….. Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9223 is resuming and should target 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. On the upside, above 0.8484 minor resistance will turn intraday bias neutral. But […]