Logo-color Logo-white

Daily Pivots: (S1) 0.8733; (P) 0.8747; (R1) 0.8763; More…. USD/CHF’s rally continues today and intraday bias stays on the upside. Current rise from 0.8332 should target 61.8% retracement of 0.9243 to 0.8332 at 0.8995. On the downside, below 0.8725 minor support will turn intraday bias neutral first. But near term outlook will stay cautiously bullish […]

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

previous

EUR/AUD Daily Outlook

next

USD/CHF Mid-Day Outlook

Read More

20/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1043; (P) 1.1064; (R1) 1.1107; More….. EUR/USD’s rally is still in progress and breaks through 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. The break of near term channel resistance argues that EUR/USD might be accelerating. Intraday bias remains on the upside for 1.1138 resistance, and then 161.8% projection at […]
15/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Break of 197.40 will target 200.53 high. But upside should be limited there. On the downside, break of 194.74 minor […]
17/03/2024

GBP/USD Weekly Outlook

GBP/USD’s decline last week indicates short term topping at 1.2892. Initial bias remains mildly on the downside this week for 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor resistance holds, in case […]