Sample Category Title

Daily Pivots: (S1) 1.1120; (P) 1.1133; (R1) 1.1145; More...

No change in EUR/CHF's outlook as consolidation from 1.1056 i extending. Intraday bias stays neutral first. In case of another recovery, upside should be limited below 1.1264 resistance to bring fall resumption. On the downside, break of 1.1056 will extend the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it's likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Pivot (invalidation): 2984.50

Our preference Long positions above 2984.50 with targets at 3003.00 & 3018.00 in extension.

Alternative scenario Below 2984.50 look for further downside with 2973.00 & 2963.00 as targets.

Comment The RSI is mixed to bullish.

Pivot (invalidation): 12440.00

Our preference Short positions below 12440.00 with targets at 12340.00 & 12270.00 in extension.

Alternative scenario Above 12440.00 look for further upside with 12490.00 & 12540.00 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 5.7070

Our preference Short positions below 5.7070 with targets at 5.6460 & 5.6270 in extension.

Alternative scenario Above 5.7070 look for further upside with 5.7300 & 5.7580 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 0.6945

Our preference Long positions above 0.6945 with targets at 0.6990 & 0.7010 in extension.

Alternative scenario Below 0.6945 look for further downside with 0.6930 & 0.6915 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 1.3080

Our preference Short positions below 1.3080 with targets at 1.3030 & 1.3000 in extension.

Alternative scenario Above 1.3080 look for further upside with 1.3100 & 1.3115 as targets.

Comment The RSI advocates for further downside.

Pivot (invalidation): 0.9885

Our preference Short positions below 0.9885 with targets at 0.9830 & 0.9810 in extension.

Alternative scenario Above 0.9885 look for further upside with 0.9900 & 0.9925 as targets.

Comment The RSI has broken down its 30 level.

Daily Pivots: (S1) 0.6924; (P) 0.6947; (R1) 0.6982; More...

Intraday bias in AUD/USD is turned neutral with strong recovery from 0.6910. Intraday bias turned neutral first. Further decline remains in favor as long as 0.6994 minor resistance holds. Corrective rebound from 0.6831 could have completed at 0.7047 already. Below 0.6910 bring retest of 0.6831 low. On the upside, though, break of 0.6994 minor resistance will dampen this view and turn focus back to 0.7047 resistance instead.

In the bigger picture, with 0.7393 key resistance intact, medium term outlook remains bearish. The decline from 0.8135 (2018 high) is seen as resuming long term down trend from 1.1079 (2011 high). Decisive break of 0.6826 (2016 low) will confirm this bearish view and resume the down trend to 0.6008 (2008 low). However, firm break of 0.7393 will argue that fall from 0.8135 has completed. And corrective pattern from 0.6826 has started the third leg, targeting 0.8135 again.

Daily Pivots: (S1) 1.3047; (P) 1.3096; (R1) 1.3129; More...

Intraday bias in USD/CAD remains neutral at this point. On the upside, break of 1.3145 resistance will indicate short term bottoming, with bullish convergence condition in 4 hour MACD. Further rise should then be seen to 1.3239 support turned resistance. On the downside, sustained trading below 1.3052/68 cluster support will carry larger bearish implication, and bring further fall to 1.2673 fibonacci level next.

In the bigger picture, medium term outlook stays neutral for now even though the case of bearish reversal is building up. Decisive break of 1.3068 cluster support (38.2% retracement of 1.2061 to 1.3664 at 1.3052) will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next. On the upside, sustained break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685, is needed to confirm resumption of up trend from 1.2061 (2017 low). Otherwise, risk will stay on the downside.

Daily Pivots: (S1) 1.1213; (P) 1.1239; (R1) 1.1275; More...

The break of 1.1268 minor resistance suggests that that fall from 1.1412 has completed at 1.1193 already, ahead of 1.1181 support. Intraday bias is turned back to the upside for retesting 1.1412 first. Break will resume the whole rebound from 1.1107. On the downside, break of 1.1193 will turn bias back to the downside to retest 1.1107 low instead.

In the bigger picture, bullish convergence condition in daily and weekly MACD suggests that 1.1107 is a medium term bottom. However, rejection by 55 EMA retains medium term bearish. Outlook will be neutral for now. On the downside, break of 1.1107 will resume the down trend from 1.2555 (2018 high) to 78.6% retracement of 1.0339 to 1.2555 at 1.0813. Meanwhile, break of 1.1412 will resume the rebound to 38.2% retracement of 1.2555 to 1.1107 at 1.1660.