Logo-color Logo-white

Daily Pivots: (S1) 1.4000; (P) 1.4039; (R1) 1.4069; More… Intraday bias in USD/CAD remains neutral for the moment, and more consolidations would be seen below 1.4177. Nevertheless, further rally is expected as long as 1.3930 support holds. Firm break of 1.4177 will resume larger up trend. In the bigger picture, up trend from 1.2005 (2021) […]

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

previous

USD/JPY Mid-Day Outlook

next

EUR/GBP Daily Outlook

Read More

16/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.21; (P) 155.38; (R1) 156.08; More… Intraday bias in USD/JPY is turned neutral with current recovery. Outlook is unchanged that fall from 156.78 is seen as the third leg of the corrective pattern from 160.20 high. Below 153.59 will target 151.86 support and possibly below. However, break of 156.78 will resume the […]
17/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.42; (P) 168.61; (R1) 169.69; More… Intraday bias in EUR/JPY remains mildly on the downside for the moment. Sustained trading below 55 D EMA (now at 167.43) will extend the fall from 170.87, as the third leg of the pattern from 151.58, to 164.01 support next. For now, risk will stay on […]
31/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0814; (P) 1.0842; (R1) 1.0885; More… EUR/USD’s break of 1.0871 resistance confirms short term bottoming at 1.0760, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 55 D EMA (now at 1.0945). Strong resistance should be seen there to limit upside. On the downside, sustained break […]