Logo-color Logo-white

USD/CAD edged lower to 1.3780 last week but recovered since then. A short term bottom could be formed on bullish convergence condition in 4H MACD. Further rebound is in favor this week. However, upside should be limited by 1.4150 support turned resistance (38.2% retracement of 1.4791 to 1.3780 at 1.4166). On the downside, firm break […]

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

previous

USD/CHF Weekly Outlook

next

EUR/USD Weekly Outlook

Read More

14/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6511; (P) 1.6536; (R1) 1.6559; More… Range trading continues in EUR/AUD and intraday bias stays neutral at this point. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 […]
28/04/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.82; (P) 143.42; (R1) 144.28; More… Further rise is expected in USD/JPY with 142.26 minor support intact. However, near term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds. On the downside, break of 142.26 will argue that the recovery from 139.87 short term bottom […]
08/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8520; (P) 0.8559; (R1) 0.8584; More… USD/CHF recovered today but stays below 0.8606 temporary top. Intraday bias remains neutral at this point. Further rise is in favor as long as 0.8499 minor support holds. Above 0.8606 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that […]