Logo-color Logo-white

Daily Pivots: (S1) 1.3457; (P) 1.3491; (R1) 1.3519; More… Intraday bias in USD/CAD remains on the downside as fall from 1.3946 is in progress. Firm break of 1.3477 support will pave the way to 1.3091/3176 support zone. On the upside, above 1.3570 support turned resistance will turn intraday bias neutral and bring consolidations first, before […]

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

previous

USD/CHF Mid-Day Outlook

next

EUR/USD Daily Outlook

Read More

16/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8389; (P) 0.8401; (R1) 0.8412; More…. Intraday bias in EUR/GBP is turned neutral with current recovery. Some consolidations would be seen first but outlook will stay bearish as long as 0.8498 resistance holds. Break of 0.8390 will resume larger down trend to 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. […]
06/04/2024

EUR/GBP Weekly Outlook

EUR/GBP remains bounded in range last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]
24/08/2024

USD/JPY Weekly Outlook

USD/JPY gyrated lower last week even though momentum is a bit unconvincing. Still, the development suggests that rebound from 141.67 has completed at 149.35, after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Initial bias is on the downside this week for retesting 141.67 low. Firm break there will resume the whole fall […]