Logo-color Logo-white

EUR/AUD stayed in consolidation below 1.7417 last week and outlook is unchanged. Initial bias remains neutral first. Downside of retreat should be contained by 0.6990 support to bring rebound. On the upside, break of 1.7417 will resume rise from 1.6335 to 161.8% projection of 1.5963 to 1.6800 from 1.6355 at 1.7709 next. In the bigger […]

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

previous

USD/JPY Mid-Day Outlook

next

EUR/CHF Weekly Outlook

Read More

08/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9744; (P) 0.9777; (R1) 0.9808; More… Intraday bias in EUR/CHF stays neutral for the moment and more consolidations could be seen below 0.9847. But near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, […]
08/12/2024

USD/CHF Weekly Outlook

USD/CHF’s pullback from 0.8956 extended lower last week but recovered after touching 55 D EMA (now at 0.8738). Initial bias is turned neutral this week first. Strong rebound from current level will retain near term bullishness. Break of 0.8796 minor resistance will bring retest of 0.8956 high first. However, considering head and shoulder top pattern, […]
28/09/2024

GBP/JPY Weekly Outlook

GBP/JPY retreated sharply after edging higher to 195.95 last week and initial bias is neutral this week first. On the upside, above 195.95 temporary top will extend the corrective rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. However, firm break of 190.11 will argue that this correction might have completed, […]