Daily Pivots: (S1) 1.0365; (P) 1.0407; (R1) 1.0470; More…. EUR/USD is staying in consolidation above 1.0330 and intraday bias stays neutral for the moment. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.0629 resistance holds. Firm break of 1.0330 will confirm decline resumption and target 61.8% projection of 1.0936 […]

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Daily Pivots: (S1) 1.2491; (P) 1.2553; (R1) 1.2630; More… GBP/USD is staying in consolidations above 1.2474 temporary low and intraday bias remains neutral. Outlook will stay bearish as long as 1.2810 resistance holds. On the downside, break of 1.2474 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger picture, price […]

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Daily Pivots: (S1) 155.64; (P) 156.78; (R1) 157.61; More… USD/JPY is staying in consolidation below 157.91 temporary top and intraday bias stays neutral. Deeper pull back cannot be ruled out, but outlook will stay bullish as long as 153.15 support holds. On the upside, break of 157.91 will resume the rally from 139.57 to 61.8% […]

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Daily Pivots: (S1) 0.8898; (P) 0.8946; (R1) 0.8979; More… USD/CHF bounces after drawing support from 55 4H EMA, but stays below 0.9020 temporary top. Intraday bias remains neutral at this point. While deeper pull back might be seen, downside should be contained above 0.8735 support to bring another rally. Above 0.9020 will resume the rise […]

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Daily Pivots: (S1) 195.79; (P) 196.55; (R1) 197.34; More… Intraday bias in GBP/JPY remains neutral at this point. As noted before, corrective pattern from 180.00 is extending with another rising leg. Further rise is expected as long as 194.04 support holds. On the upside, above 1999.79 will will target channel resistance (now at 203.19). In […]

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Daily Pivots: (S1) 162.42; (P) 163.04; (R1) 163.73; More… Intraday bias in EUR/JPY stays on the upside for the moment. Corrective pattern from 154.04 is extending with another rising leg. Further rise should be seen to 166.67 resistance next. For now, risk will stay on the upside as long as 159.79 support holds, in case […]

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Daily Pivots: (S1) 0.8276; (P) 0.8294; (R1) 0.8318; More… Intraday bias in EUR/GBP stays neutral for the moment and more consolidations would be seen.. On the upside, break of 0.8326 resistance will indicate short term bottoming, at 0.8221, ahead of 0.8201 key support, on bullish convergence condition in 4H MACD. Intraday bias will be turned […]

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Daily Pivots: (S1) 1.6627; (P) 1.6661; (R1) 1.6717; More… Intraday bias in EUR/AUD remains neutral as consolidations continue below 1.6712. Deeper retreat could be seen, but downside should be contained by 55 4H EMA (now at 1.6553. On the upside, break of 1.6712 will resume the rally from 1.5693 to retest 1.7180 high next. In […]

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Daily Pivots: (S1) 0.9289; (P) 0.9311; (R1) 0.9336; More…. Intraday bias in EUR/CHF is turned neutral first with a temporary low formed at 0.9284. But outlook is unchanged that corrective rebound from 0.9204 should have completed with three waves up to 0.9417 already. Another fall is in favor and below 0.9284 will target 0.9254 support […]

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Daily Pivots: (S1) 1.0365; (P) 1.0407; (R1) 1.0470; More…. Intraday bias in EUR/USD remains neutral first and more consolidations could be seen. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.0629 resistance holds. Firm break of 1.0330 will confirm decline resumption and target 61.8% projection of 1.0936 to 10330 […]

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

Daily Pivots: (S1) 155.64; (P) 156.78; (R1) 157.61; More… Intraday bias in USD/JPY remains neutral as consolidations continues below 157.91 temporary top. Deeper pull back cannot be ruled out, but outlook will stay bullish as long as 153.15 support holds. On the upside, break of 157.91 will resume the rally from 139.57 to 61.8% projection […]

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Daily Pivots: (S1) 1.2491; (P) 1.2553; (R1) 1.2630; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2474 temporary low. Outlook will stay bearish as long as 1.2810 resistance holds. On the downside, break of 1.2474 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger […]

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Daily Pivots: (S1) 0.8898; (P) 0.8946; (R1) 0.8979; More… USD/CHF is staying in consolidation below 0.9020 temporary top and intraday bias stays neutral. While deeper pull back might be seen, downside should be contained above 0.8735 support to bring another rally. Above 0.9020 will resume the rise from 0.8374 and target 61.8% projection of 0.8374 […]

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Daily Pivots: (S1) 1.4328; (P) 1.4382; (R1) 1.4428; More… Intraday bias in USD/CAD stays neutral as consolidation continues below 1.4466 temporary top. While deeper pull back cannot be ruled out, outlook will stay bullish as long as 1.4177 resistance turned support holds. On the upside, break of 1.4466 and sustained trading above 1.4391 will pave […]

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Daily Pivots: (S1) 0.6219; (P) 0.6247; (R1) 0.6278; More... Intraday bias in AUD/USD remains neutral for sideway trading above 0.6198. Consolidations should be relatively brief as long as 0.6336 support turned resistance holds. Break of 0.6198 will resume the fall from 0.6941 to 0.6169 long term support, and then 138.2% projection of 0.6941 to 0.6511 […]

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EUR/USD tried to resume the fall from 1.1213 last week but failed to break through 1.0330 support and recovered. Initial bias is turned neutral this week first. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.0629 resistance holds. Firm break of 1.0330 will confirm decline resumption and target 61.8% […]

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

USD/JPY’s rally from 139.57 resumed last week but retreated quickly after hitting 157.91. Initial bias stays neutral this week for consolidations. But outlook will remain bullish as long as 153.15 support holds. Break of 157.91 will target 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. In the bigger picture, price actions from […]

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GBP/USD’s fall from 1.3433 attempted to resume last week by breaching 1.2486, but quickly recovered after dipping to 1.2474. Initial bias is turned neutral this week for consolidations. Outlook will stay bearish as long as 1.2810 resistance holds. Break of 1.2474 will target 1.2298 cluster support zone. In the bigger picture, price actions from 1.3433 […]

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

USD/CHF’s rally from 0.8374 resumed last week but retreated after hitting 0.9020. Initial bias stays neutral this week for consolidations first. Downside should be contained above 0.8735 support to bring another rally. Above 0.9020 will target 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. In the bigger picture, price actions from 0.8332 (2023 […]

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AUD/USD’s fall from 0.6941 accelerated to as low as 0.6198 last week but turned sideway since then. Initial bias remains neutral this week for consolidations. Upside of recovery should be limited well below 0.6511 support turned resistance to bring another fall. Below 0.6198 will target 0.6169 long term support, and then 138.2% projection of 0.6941 […]

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