Logo-color Logo-white

Daily Pivots: (S1) 1.3330; (P) 1.3350; (R1) 1.3388; More… Further decline is expected in USD/CAD as long as 1.3408 minor resistance holds. Fall from 1.3897 would target a retest on 1.3091 support. Nevertheless, break of 1.3408 will indicate short term bottoming, and turn bias back to the upside for stronger rebound. In the bigger picture, […]

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

previous

AUD/USD Daily Report

next

EUR/CHF Daily Outlook

Read More

25/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8389; (P) 0.8403; (R1) 0.8413; More…. Range trading continues in EUR/GBP and intraday bias stays neutral. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger picture, down trend from 0.9267 […]
19/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.89; (P) 141.80; (R1) 143.16; More… USD/JPY’s break of 143.03 resistance suggests short term bottoming at 139.57, on bullish convergence condition in 4H MACD. That also came just ahead of 139.26 fibonacci level. Intraday bias is back on the upside for stronger rebound to 55 D EMA (now at 147.58), and possibly […]
27/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6453; (P) 1.6485; (R1) 1.6514; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the downside, sustained trading below 55 D EMA (now at 1.6435) will argue that rise from 1.5996 has completed at 1.7180 Deeper fall would then be seen back to this support. Nevertheless, strong rebound from […]