Logo-color Logo-white

Daily Pivots: (S1) 1.3777; (P) 1.3818; (R1) 1.3849; More… USD/CAD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise is part of the whole rally from 1.3176 and next target is 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025. On the downside, break of 1.3786 support is […]

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

previous

GBP/USD Mid-Day Outlook

next

GBP/JPY Daily Outlook

Read More

02/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD is turned neutral against with current recovery. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 D EMA (now at 1.0770) will argue that fall from 1.0980 has completed. On the downside, though, break of […]
19/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8407; (P) 0.8414; (R1) 0.8426; More…. Intraday bias in EUR/GBP remains neutral for the moment and more consolidations could be seen above 0.8382. Further decline is in favor. But considering bullish convergence condition in 4H MACD, downside could be contained by 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360 on […]
03/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0847; (R1) 1.0883; More…. No change in EUR/USD’s outlook as range trading continues. Intraday bias stays neutral at this point. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay […]