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Daily Pivots: (S1) 0.8496; (P) 0.8515; (R1) 0.8541; More….. Intraday bias in USD/CHF Is turned neutral first with current recovery. While stronger rise cannot be ruled out, risk will stay on the downside as long as 0.8747 resistance holds. Below 0.8488 will target 0.8431 support first. Firm break there will resume whole decline from 0.9223 […]

The post USD/CHF Mid-Day Outlook appeared first on Action Forex.

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17/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3567; (P) 1.3587; (R1) 1.3607; More… Intraday bias in USD/CAD remains neutral as sideway trading continues. On the downside, below 1.3545 minor support will suggest that recovery from 1.3439 has completed, turn bias to the downside for retesting this low. Nevertheless, decisive break of 38.2% retracement of 1.3946 to 1.3439 at 1.3633 […]
19/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.99; (P) 180.59; (R1) 181.20; More… GBP/JPY’s rebound from 178.32 accelerates higher today and focus is back on 184.43 resistance. Firm break there will argue that pull back from 188.63 has completed and bring retest of this high. Nevertheless, rejection by 184.43, followed by break of 178.32, will resume the whole fall […]
30/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.00; (P) 160.63; (R1) 161.24; More…. EUR/JPY continues to stay in range below 163.86 and intraday bias remains neutral. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of […]