Logo-color Logo-white

Daily Pivots: (S1) 1.3417; (P) 1.3450; (R1) 1.3486; More… Intraday bias in USD/CAD remains neutral for consolidations below 1.3540. Further rally is in favor as long as 1.3414 support holds. Fall from 1.3897 should have completed at 1.3716. Break of 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 at 1.3622). Decisive […]

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

previous

EUR/AUD Weekly Outlook

next

USD/JPY Daily Outlook

Read More

15/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6507; (P) 1.6538; (R1) 1.6569; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend the […]
26/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8776 temporary low. Risk will stay on the downside as long as 0.8923 resistance holds. Break of 0.8776 will extend the fall from 0.9223 to 61.8% retracement of 0.8332 […]
30/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… Intraday bias in USD/JPY is turned neutral first as consolidation from 153.87 is extending. Further rally is expected as long as 55 D EMA (now at 148.69) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 […]