Logo-color Logo-white

EUR/AUD’s rebound from 1.5996 extended higher last week and broke through 55 D EMA (now at 1.6216). The development is taken as the first sign that whole correction from 1.0762 has completed with three waves down to 1.6000 fibonacci support. Further rise is expected this week as long as 1.6171 minor support holds, to 1.6148 […]

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

previous

EUR/USD Mid-Day Outlook

next

EUR/USD Weekly Outlook

Read More

17/08/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rebound from 180.00 extended to 191.99 last week before forming a temporary top there. Initial bias this week is turned neutral for consolidations first. Above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, break of 187.84 minor […]
11/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3552; (P) 1.3581; (R1) 1.3611; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On the […]
04/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 204.18; (P) 204.53; (R1) 205.17; More… Intraday bias in GBP/JPY remains on the upside for the moment. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.71 minor support will turn intraday bias neutral and bring consolidations. But […]