Logo-color Logo-white

Daily Pivots: (S1) 0.8968; (P) 0.8979; (R1) 0.9000; More… The break of 0.8992 resistance now argues that fall from 0.9223 has completed as a three-wave corrective move to 0.8825. Intraday bias is back on the upside for channel resistance (now at 0.9043). Firm break there will target 0.9157 resistance next. On the downside, below 0.8947 […]

The post USD/CHF Daily Outlook appeared first on Action Forex.

previous

GBP/USD Daily Outlook

next

EUR/USD Mid-Day Outlook

Read More

05/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.79; (P) 150.26; (R1) 150.56; More… USD/JPY is still extending the consolidation from 150.87 and intraday bias remains neutral. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will […]
24/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.41; (P) 161.06; (R1) 161.70; More… EUR/JPY’s consolidation from 161.84 is still in progress and intraday bias remains neutral. Further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will resume whole rally from 153.15 to 161.8% projection of 153.15 to 158.55 from 155.06 […]
04/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3323; (P) 1.3348; (R1) 1.3377; More… USSD/CAD’s rebound from 1.3176 short term bottom is still in progress. Intraday bias stays on the upside for 38.2% retracement of 1.3897 to 1.3176 at 1.3451. On the downside, break of 1.3264 minor support will turn bias back to the downside for retesting 1.3176 low instead. […]