Logo-color Logo-white

Daily Pivots: (S1) 1.3847; (P) 1.3890; (R1) 1.3966; More… USD/CAD’s break of 1.3903 resistance indicates short term bottoming at 1.3749, on bullish convergence condition in 4H MACD, ahead of 1.3727 fibonacci level. Intraday bias is back on the upside for 1.4150 cluster resistance (38.2% retracement of 1.4791 to 1.3749 at 1.4147). For now, risk will […]

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

previous

EUR/CHF Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

06/01/2025

USD/CAD Weekly Outlook

USD/CAD stayed in consolidation below 1.4466 last week. Initial bias stays neutral this week first. Outlook will stay bullish as long as 1.4304 support holds. Break of 1.4466 will resume larger up trend to 1.4667/89 long term resistance zone. However, firm break of 1.4304 will turn bias to the downside for deeper pull back. In […]
05/04/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3495; (P) 1.3527; (R1) 1.3576; More… USD/CAD’s rally from 1.3716 resumed by breaking through 1.3613 resistance and intraday bias is back on the upside. Current rise should target channel resistance at 1.3664 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish […]
18/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2673; (P) 1.2691; (R1) 1.2724; More… Intraday bias in GBP/USD is turned neutral with current recovery. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. In the bigger […]