Logo-color Logo-white

USD/CAD’s strong rally last week suggest that corrective fall from 1.3946 has completed at 1.3418 already. Initial bias remains on the upside this week. Sustained break of 61.8% retracement of 1.3946 to 1.3418 at 1.3744 will pave the way to retest 1.3946. On the downside, below 1.3702 minor support will turn intraday bias neutral first. […]

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

previous

EUR/CHF Weekly Outlook

next

EUR/JPY Weekly Outlook

Read More

01/06/2024

USD/CAD Weekly Outlook

USD/CAD gyrated in range of 1.3589/3742 last week and outlook is unchanged. Initial bias remains neutral this week. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, firm break of 1.3589 […]
04/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9424; (P) 0.9484; (R1) 0.9519; More… Despite today’s recovery, further decline is expected in EUR/CHF with 0.9543 minor resistance intact. Retest of 0.9507/16 support zone should be seen next. Decisive break there will resume larger down trend. On the upside, touching 0.9543 minor resistance will delay the bearish case and turn intraday […]
14/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.58; (P) 148.94; (R1) 149.46; More… USD/JPY’s rise from 139.57 resumed after brief consolidations and intraday bias is back on the upside, This rally is seen as the second leg of the corrective pattern from 161.94, and should target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below […]