Logo-color Logo-white

Daily Pivots: (S1) 1.3655; (P) 1.3673; (R1) 1.3684; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the upside, break of 1.3761 resistance will argue that correction from 1.3845 has already completed. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. However, sustained trading below […]

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

previous

USD/JPY Daily Outlook

next

USD/CHF Mid-Day Outlook

Read More

11/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8973; (P) 0.8987; (R1) 0.9011; More… USD/CHF’s decline from 0.9049 resumed by breaking through 0.8942 support and intraday bias remains is back on the downside for retesting 0.8825. Fall from 0.9223 should be in progress with near term channel intact. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at […]
11/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6398; (P) 1.6458; (R1) 1.6556; More… Intraday bias in EUR/AUD is turned neutral first as it recovered after hitting 100% projection of 1.6742 to 1.6439 from 1.6677 at 1.6374. On the downside, below 1.6368 will resume the fall from 1.6742 towards 1.6127 low. Nevertheless, sustained trading above 55 D EMA (now at […]
02/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8470; (P) 0.8491; (R1) 0.8520; More… No change in USD/CHF’s outlook and intraday bias stays neutral. More consolidations could be seen above 0.8399. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will target 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. […]