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Daily Pivots: (S1) 0.8426; (P) 0.8457; (R1) 0.8479; More… USD/CHF is still bounded in range trading and intraday bias remains neutral for the moment. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger […]

The post USD/CHF Mid-Day Outlook appeared first on Action Forex.

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USD/CHF Daily Outlook

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19/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6561; (P) 1.6584; (R1) 1.6597; More… EUR/AUD’s strong break of 1.6606 minor resistance indicates that corrective pullback from 1.6742 has completed at 1.6439. Intraday bias is back on the upside for retesting 1.6742 first. Firm break there will resume whole rise from 1.6127 and 1.6844 resistance next. For now, near term outlook […]
07/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… GBP/USD is staying in consolidation below 1.2633 temporary top and intraday bias remains neutral at this point. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. In the bigger picture, price actions […]
29/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3452; (P) 1.3470; (R1) 1.3499; More… A temporary low is in place at 1.3439 with current recovery and intraday bias in USD/CAD is turned neutral first. Upside of recovery should be limited below 1.3617 resistance to bring another fall. On the downside, below 1.3439 will resume the decline from 1.3946 and target […]