Logo-color Logo-white

Daily Pivots: (S1) 1.3492; (P) 1.3509; (R1) 1.3519; More… USD/CAD is still bounded in consolidation above 1.3439 and intraday bias remains neutral. With 1.3618 resistance intact, further decline is expected. 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 […]

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

previous

USD/CHF Mid-Day Outlook

next

AUD/USD Daily Report

Read More

06/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2565; (P) 1.2608; (R1) 1.2640; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2731 short term top should extend to 55 D EMA (now at 1.2427). For now, risk will stay on the downside as long as 1.2731 resistance holds, in case of recovery. In the […]
30/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.95; (P) 168.26; (R1) 170.86; More… Intraday bias in EUR/JPY remains neutral as consolidation from 171.58 short term top is extending. Overall outlook will remain bullish as long as 165.33 resistance turned support holds. Above 171.58 will resume larger up trend to 178.39 projection level next. In the bigger picture, current rally […]
20/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.87; (P) 169.10; (R1) 169.42; More… EUR/JPY’s rise from 1.6401 resumed by breaking 169.38 and intraday bias is back on the upside. This rally, as the second leg of the corrective pattern from 171.58, should target this high next. On the downside, break of 167.31 support should turn bias back to the […]