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Canadian Dollar firmed sharply in early U.S. session after a surprisingly strong set of October employment figures. While the gains were largely driven by part-time positions, the sheer magnitude of the increase — a second consecutive month of robust job creation — underscores that momentum is returning to the Canadian economy even amid lingering trade-related […]

The post Loonie Lifts on Strong Jobs Data as Global Risk Mood Stays Sour appeared first on Action Forex.

Daily Pivots: (S1) 0.9302; (P) 0.9311; (R1) 0.9320; More…. Intraday bias in EUR/CHF remains mildly on this point. Rebound from 0.9208 short term bottom would target 0.9371 resistance first. Firm break there will target 0.9452 next. On the downside, below 0.9283 minor support will turn bias neutral again. In the bigger picture, outlook remains bearish […]

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Daily Pivots: (S1) 152.55; (P) 153.35; (R1) 153.86; More… USD/JPY is still extending consolidations from 154.47 and intraday bias remains neutral. Further rally is expected as long as 151.52 support holds. Above 154.47 will resume larger rise from 139.87 to 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Break there will pave the […]

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Daily Pivots: (S1) 0.8778; (P) 0.8799; (R1) 0.8810; More… Intraday bias in EUR/GBP is turned neutral again with current retreat. On the upside, above 0.8828 will resume the rally from 0.8221 to 0.8867 fibonacci level. Firm break there will carry larger bullish implications. However, considering bearish divergence condition in 4H MACD, decisive break of 0.8761 […]

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Daily Pivots: (S1) 1.7700; (P) 1.7775; (R1) 1.7896; More… EUR/AUD’s break of 1.7813 resistance dampen the original bearish view. Intraday bias is back on the upside for 1.8160 resistance first. On the downside, though, break of 1.7561 will resume the fall from 1.8160 to 1.7254 support. In the bigger picture, price actions from 1.8554 medium […]

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