Logo-color Logo-white

Daily Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; More… Outlook in USD/JPY is unchanged and intraday bias remains mildly on the upside for further rally. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support […]

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

previous

GBP/USD Daily Outlook

next

GBP/USD Daily Outlook

Read More

06/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8419; (P) 0.8455; (R1) 0.8476; More… Intraday bias in USD/CHF remains neutral for the moment as consolidation continues above 0.8399. With 0.8540 resistance intact, further decline is expected. On the downside, break of 0.8339 will resume the fall from 0.9223 and target 0.8332 low. However, considering bullish convergence condition in 4H MACD, […]
26/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3633; (P) 1.3657; (R1) 1.3682; More… Further decline is expected in USD/CAD as long as 1.3717 minor resistance holds. Corrective pattern from 1.3845 is now in the third leg. Deeper decline would be seen to 1.3589 support. Break there will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. In […]
14/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9010) will bring deeper fall to 38.2% retracement of […]