Logo-color Logo-white

USD/CHF edged lower to 0.8757 last week but recovered since then. Initial bias remains neutral this week and more consolidation could be seen. But upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained […]

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

previous

EUR/CHF Weekly Outlook

next

AUD/USD Weekly Report

Read More

02/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6639; (P) 0.6664; (R1) 0.6684; More… No change in AUD/USD’s outlook as sideway consolidation continues below 0.6713. Intraday bias remains neutral for the moment. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole […]
08/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.28; (P) 148.34; (R1) 149.08; More… Intraday bias in USD/JPY remains on the downside for 38.2% retracement of 140.25 to 150.87 at 146.81. Sustained break of there will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to 61.8% retracement at […]
08/03/2025

EUR/AUD Weekly Outlook

EUR/AUD’s rally from 1.5693 resumed last week and accelerated to as high as 1.7268. There is no clear sign of topping yet and initial bias stays on the upside this week. Sustained trading above of 100% projection of 1.5963 to 1.6800 from 1.6355 at 1.7192 will target 161.8% projection at 1.7709 next. On the downside, […]