Logo-color Logo-white

Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… Intraday bias in USD/CHF remains on the upside at this point. Rise from 0.8374 short term bottom should target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be […]

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

previous

EUR/CHF Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

05/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.46; (P) 169.09; (R1) 170.15; More…. EUR/JPY recovers after dipping to 168.01 and intraday bias is turned neutral. Nevertheless, current development suggests that rebound from 164.31 has completed at 170.81. Risk will now stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there […]
06/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8492; (P) 0.8507; (R1) 0.8515; More…. Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Further decline is expected as long as 55 D EMA (now at 0.8547) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]
29/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8610; (P) 0.8647; (R1) 0.8678; More…. Intraday bias in USD/CHF remains neutral as consolidation continues below 0.8727. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, firm […]