Logo-color Logo-white

Daily Pivots: (S1) 1.6542; (P) 1.6573; (R1) 1.6607; More… EUR/AUD’s rally from 1.6368 resumed after brief consolidations. Breach of 1.6677 resistance argues that fall from 1.6742 has completed as a three-wave corrective move to 1.6368. Intraday bias is back on the upside for retesting 1.6742. On the downside, below 1.6534 support will turn intraday bias […]

The post EUR/AUD Daily Outlook appeared first on Action Forex.

previous

EUR/JPY Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

25/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.57; (P) 167.39; (R1) 168.64; More… EUR/JPY’s steep decline from 175.41 extends further today and there is no sign of bottoming yet. Medium term channel support is also breached. Intraday bias stays on the downside for 164.29 key resistance turned support. Firm break there will argue that larger scale correction is underway […]
15/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Break of 1.3652 resistance suggests that a short term bottom was formed at 1.3588, after hitting 1.3589 support. Intraday bias is back on the upside for 13790 resistance. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 to 100% projection of […]
13/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2504; (P) 1.2523; (R1) 1.2543; More… GBP/USD is staying below 1.2633 resistance despite today’s rally. Intraday bias remains neutral for the moment. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of […]