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Daily Pivots: (S1) 147.11; (P) 147.47; (R1) 147.84; More… Intraday bias in USD/JPY stays on the upside for the moment. Corrective pattern from 150.90 could have completed at 145.47 already. Further rise should be seen to 150.90. Firm break there will resume larger rally from 139.87 to 151.22 fibonacci level. Sustained break there will carry […]
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Daily Pivots: (S1) 0.8704; (P) 0.8717; (R1) 0.8727; More… EUR/GBP’s fall from 0.8750 resumed by breaking through 0.8688 and intraday bias is back on the downside for 0.8631 support. Decisive break there will indicate near term reversal and turn outlook bearish. On the upside, though, above 0.8728 will bring retest of 0.8750 first. Firm break […]
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Domestic politics dominated global markets today, driving sharp moves in both European and Asian trading sessions. In Europe, political instability in France rattled sentiment, while in Japan, optimism over new leadership sparked a broad equity surge and a dramatic selloff in the Yen. In European, CAC 40 slumped and Euro is sold off broadly, after […]
The post Euro Weakens as French Government Implodes, Macron Faces New Crisis appeared first on Action Forex.
Daily Pivots: (S1) 198.02; (P) 198.45; (R1) 199.23; More… GBP/JPY’s rise from 184.35 resumed by breaking through 201.24 and intraday bias is back on the upside. Next near term target is 38.2% projection of 184.35 to 199.96 from 197.47 at 203.43. Firm break there will target 61.8% projection at 207.11 next. For now, outlook will […]
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Daily Pivots: (S1) 172.68; (P) 172.96; (R1) 173.50; More… EUR/JPY’s up trend resumed by breaking through 175.41 key resistance. Intraday bias is back on the upside. Next near term target is 38.2% projection of 161.06 to 173.87 from 172.24 at 177.13. Firm break there will open the path to 61.8% projection at 180.15. For now, […]
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Daily Pivots: (S1) 0.8704; (P) 0.8717; (R1) 0.8727; More… Intraday bias in EUR/GBP stays neutral and more consolidations could be seen below 0.8750. On the downside, break of 0.8688 will extend the from 0.8750 fall to 0.8631 support. Decisive break there will indicate near term bearish reversal. On the upside, though, above 0.8750 will resume […]
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Daily Pivots: (S1) 1.3935; (P) 1.3954; (R1) 1.3968; More… Further rise could be seen in USD/CAD with 1.3895 support intact. But strong resistance is expected from 1.4014 cluster to complete the corrective rally from 1.3538. On the downside, below 1.3895 support will turn bias back to the downside for 1.3725. However, sustained break of 1.4014 […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.6589; (P) 0.6602; (R1) 0.6614; More… Intraday bias in AUD/USD remains neutral for the moment. On the upside, firm break of 0.6627 resistance will suggest that pullback from 0.6706 has completed as correction, after drawing support from 55 D EMA (now at 0.6554). That will keep the larger rally from 0.5913 alive […]
The post AUD/USD Daily Report appeared first on Action Forex.
Daily Pivots: (S1) 1.1717; (P) 1.1738; (R1) 1.1763; More… Intraday bias in EUR/USD remains neutral for the moment, and further fall is in favor as long as 1.1819 resistance holds. Break of 1.1644 and sustained trading below 55 D EMA (now at 1.1679) will indicate medium term topping at 1.1917, on bearish divergence condition in […]
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