Logo-color Logo-white

Daily Pivots: (S1) 1.3450; (P) 1.3493; (R1) 1.3517; More… Intraday bias in USD/CAD remains neutral for the moment. Further rally is expected as long as 1.3414 minor support holds. Fall from 1.3897 should have completed at 1.3716. Break of 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 at 1.3622). Decisive break […]

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

previous

USD/JPY Mid-Day Outlook

next

GBP/JPY Daily Outlook

Read More

29/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.72; (P) 197.93; (R1) 198.96; More… Intraday bias in GBP/JPY remains neutral for consolidations above 195.84 temporary low. Further decline is expected as long as 202.08 support turned resistance holds. On the downside, sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is under […]
29/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.86; (P) 180.18; (R1) 181.35; More… Range trading continues in GBP/JPY above 178.32 and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break […]
31/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Intraday bias in EUR/USD is turned neutral with current recovery. But further decline is expected with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should […]