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Daily Pivots: (S1) 1.1680; (P) 1.1720; (R1) 1.1756; More… Outlook in EUR/USD is unchanged and intraday bias remains neutral for the moment. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 1.1675) will argue that 1.1917 was already a medium term top. Deeper fall should then be seen to […]
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Daily Pivots: (S1) 1.3391; (P) 1.3451; (R1) 1.3501; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral for the moment. On the upside, firm break of 1.3535 resistance will suggest that pullback from 1.3725 has completed, and bring stronger rally to 1.3725/87 key resistance zone. On the downside, though, break of 1.3322 will […]
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Daily Pivots: (S1) 0.7953; (P) 0.7977; (R1) 0.8002; More… Intraday bias in USD/CHF remains neutral as sideway trading continues. On the upside, sustained trading above 55 D EMA (now at 0.8011) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly […]
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Daily Pivots: (S1) 146.73; (P) 147.13; (R1) 147.65; More… Intraday bias in USD/JPY stays neutral at this point. For now, price actions from 150.90 are still seen as a corrective pattern. On the upside, above 148.12 minor resistance will bring stronger rally to 149.95 first. Firm break there should resume larger rally from 139.87 through […]
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Daily Pivots: (S1) 1.3938; (P) 1.3962; (R1) 1.3991; More… Intraday bias in USD/CAD remains on the upside and further rise could be seen. But strong resistance is expected from 1.4014 cluster to complete the corrective rebound from 1.3538. On the downside, break of 1.3895 support will turn bias back to the downside for 1.3725. However, […]
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3938; (P) 1.3962; (R1) 1.3991; More… Intraday bias in USD/CAD remains on the upside and further rise could be seen. But strong resistance is expected from 1.4014 cluster to complete the corrective rebound from 1.3538. On the downside, break of 1.3895 support will turn bias back to the downside for 1.3725. However, […]
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.
Canadian Dollar remains the weakest major currency this week, pressured by a combination of falling oil prices and dovish stance of the BoC. Canada’s key export driver slumped to a four-month low with WTI crude threatening to break below 60 handle. That decline comes just as the BoC’s own communications reinforced expectations of more easing […]
The post Loonie Sinks as WTI Oil Nears $60, OPEC+ Hike Looms appeared first on Action Forex.
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