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USD/CAD stayed in consolidation below 1.3790 last week and outlook is unchanged. Initial bias stays neutral this week first. Further rally is expected as long as 1.3662 support holds. Above 1.3790 will bring retest of 1.3845 high first. Nevertheless, break of 1.3662 will turn bias to the downside to extend the corrective pattern from 1.3845 […]

The post USD/CAD Weekly Outlook appeared first on Action Forex.

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GBP/USD Weekly Outlook

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USD/CAD Daily Outlook

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13/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2743; (P) 1.2769; (R1) 1.2790; More… GBP/USD’s rebound from 1.2664 extends higher today but stays below 1.2839 resistance. Intraday bias stays neutral for the moment. On the downside, break of 1.2664 will resume the fall from 1.3043 to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and […]
28/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3681; (P) 1.3696; (R1) 1.3717; More… Current strong rebound suggests that USD/CAD’s fall from 1.3790 has finished at 1.3626. Intraday bias is back on the upside for 1.3790 resistance. Firm break there should indicate that consolidation from 1.3845 has completed with three waves to 1.3626. Retest of 1.3845 high should be seen […]
31/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.23; (P) 156.96; (R1) 157.54; More… Intraday bias in USD/JPY remains neutral first. Decisive break of 156.36 will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Intraday bias will be back on the downside for 153.59 support. Firm break there will target 151.86 and below as […]