Logo-color Logo-white

Daily Pivots: (S1) 1.4336; (P) 1.4370; (R1) 1.4427; More… USD/CAD is still bounded in consolidation below 1.4466 and intraday bias remains neutral. Break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D EMA (now at 1.4187) to bring rebound. On the upside, break of 1.4466 will resume larger up […]

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

previous

USD/CHF Daily Outlook

next

USD/CAD Mid-Day Outlook

Read More

08/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2630; (P) 1.2701; (R1) 1.2789; More… Intraday bias in GBP/USD is turned neutral again with current retreat. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions […]
30/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9359; (P) 0.9373; (R1) 0.9398; More…. No change in EUR/CHF’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 […]
09/12/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8743; (P) 0.8781; (R1) 0.8825; More… Intraday bias in USD/CHF stays mildly on the upside at this point. Corrective pullback from 0.8956 could have completed at 0.8735, after drawing support from 55 D EMA (now at 0.8738). Further rise would be seen for retesting 0.8956 high. However, considering head and shoulder top […]