Logo-color Logo-white

Daily Pivots: (S1) 1.6589; (P) 1.6644; (R1) 1.6683; More… Intraday bias in EUR/AUD remains neutral as consolidation continues below 1.6692. Current development suggests that whole correction from 1.7062 should have completed with three waves down to 1.6127. Further rally is expected as long as 1.6450 support holds. Above 1.6692 will target 61.8% projection of 1.6127 […]

The post EUR/AUD Daily Outlook appeared first on Action Forex.

previous

EUR/USD Mid-Day Outlook

next

GBP/USD Daily Outlook

Read More

13/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 153.72; (P) 154.32; (R1) 155.23; More… Intraday bias in USD/JPY remains on the upside at this point. Current rise from 139.57 will target 61.8% projection of 141.63 to 153.87 from 151.27 at 158.8. On the downside, below 153.40 minor support will turn intraday bias neutral again first. But further rally is expected […]
11/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.26; (P) 161.22; (R1) 161.82; More… Intraday bias in EUR/JPY is back on the downside with breach of 160.54 temporary low. Fall from 163.70 is resuming to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise from 153.13, and target […]
25/05/2024

EUR/AUD Weekly Outlook

EUR/AUD’s extended rebound last week suggests short term bottoming at 1.6211, on bullish convergence condition in 4H MACD. Intraday bias stays mildly on the upside this week. Sustained trading above 55 D EMA (now at 1.6412) will argue that fall from 1.6742 has completed, and turn near term outlook bullish. On the downside, though, below […]