Logo-color Logo-white

USD/CAD’s rally from 1.3418 continued last week and there is no clear sign of topping yet. Initial bias remains on the upside for 1.3976 resistance. Decisive break there will resume larger up trend. Nevertheless, considering bearish divergence condition in 4H MACD, break of 1.3890 minor support will indicate short term topping, and turn bias back […]

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

previous

USD/CHF Weekly Outlook

next

EUR/USD Weekly Outlook

Read More

11/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.26; (P) 194.38; (R1) 195.18; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for 183.70 […]
23/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6301; (P) 1.6353; (R1) 1.6448; More… Intraday bias in EUR/AUD stays on the upside and outlook is unchanged Correction from 1.0762 has possibly completed with three waves down to 1.5996, after hitting 1.6000 fibonacci support. Firm break of 1.6148 resistance will solidify this bullish case and target 1.6742 resistance next. On the […]
28/09/2024

EUR/CHF Weekly Outlook

EUR/CHF reversed after edging higher to 0.9506 but stays above 0.9305 support. Initial bias remains neutral this week first. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. However, break of 0.9305 will resume the fall for 0.9579 to retest 0.9209 low. In the bigger picture, medium term corrective pattern […]