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Daily Pivots: (S1) 0.8818; (P) 0.8836; (R1) 0.8852; More…. No change in USD/CHF’s outlook and intraday bias stays mildly on the upside. As noted before, consolidation from 0.8884 should have completed with three waves to 0.8728. Further rally should be seen to retest 0.8891 resistance first. Firm break there will resume whole rally from 0.8332. […]

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

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02/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this […]
17/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9482; (P) 0.9555; (R1) 0.9599; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. On the upside, above 0.9604 minor resistance will turn […]
20/04/2024

EUR/JPY Weekly Outlook

Range trading continued in EUR/JPY last week and overall outlook is unchanged. Initial bias remains neutral this week as consolidation pattern from 165.33 could still extend. . On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.59 will argue that it’s at least […]