Logo-color Logo-white

USD/CHF tried to resume the fall from 0.9223 resumed last week after interim recovery. Initial bias stays on the downside this week for retesting 0.8332 low. Decisive break there will indicate larger down trend resumption. However, break of 0.8536 resistance will now confirm short term bottoming, and turn bias back to the upside for 0.8747 […]

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

previous

EUR/CHF Weekly Outlook

next

EUR/USD Weekly Outlook

Read More

10/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2645; (P) 1.2677; (R1) 1.2709; More… Intraday bias in GBP/USD stays mildly on the upside at this point. Rebound from 1.2538 is in progress for 1.2802 resistance first. On the downside, though, below 1.2648 minor support will turn intraday bias neutral again. In the bigger picture, price actions from 1.3141 medium term […]
23/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.57; (P) 154.71; (R1) 154.98; More… Intraday bias in USD/JPY remains mildly on the upside as up trend is extending. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support will turn […]
13/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9418; (P) 0.9429; (R1) 0.9446; More… Intraday bias in EUR/CHF remains on the upside for 0.9471 resistance first. Firm break there will resume whole rebound from 0.9252. Next target is 100% projection of 0.9252 to 0.9471 from 0.9304 at 0.9523. On the downside, below 0.9376 minor support will turn intraday bias neutral […]