Logo-color Logo-white

EUR/AUD’s decline from 1.7062 resumed by diving through 1.6319 support last week. Initial bias stays on the downside this week for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 next. On the upside, above 1.6649 resistance will turn intraday bias and bring consolidations first, before staging another decline. In the bigger picture, the […]

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

previous

EUR/GBP Weekly Outlook

next

EUR/CHF Weekly Outlook

Read More

14/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 154.70; (P) 156.09; (R1) 156.79; More.. EUR/JPY’s break of 155.98 minor support suggests that recovery from 153.15 has completed at 157.67 already. Intraday bias is back on the downside for retesting 153.15 first. Firm break there will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. For […]
05/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3481; (P) 1.3523; (R1) 1.3546; More… Intraday bias in USD/CAD remains neutral as consolidation continues above 1.3439. Further decline is expected with 1.3617 resistance intact. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 support zone next. […]
04/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6523; (P) 0.6546; (R1) 0.6590; More…. AUD/USD’s strong break of 55 D EMA suggests that fail from 0.6666 has completed with three waves down to 0.6480. Rise from there is now seen as the third leg of the corrective pattern from 0.6442. Intraday bias is back on the upside for 0.6633 resistance […]