Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
Daily Pivots: (S1) 1.3075; (P) 1.3109; (R1) 1.3171; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.3008. Further decline is expected with 1.3247 support turned resistance intact. Break of 1.3008 will resume the fall from 1.3787 and target 61.8% retracement of 1.2099 to 1.3787 at 1.2744. Sustained break there […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.1508; (P) 1.1530; (R1) 1.1569; More… EUR/USD’s recovery form 1.1467 extended higher today but stays well inside near term falling channel. Intraday bias remains neutral and further decline is expected. On the downside, below 1.1467 will resume the fall from 1.1917. However, firm break of the channel resistance (now at 1.1589) will […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.1508; (P) 1.1530; (R1) 1.1569; More… EUR/USD’s recovery form 1.1467 extended higher today but stays well inside near term falling channel. Intraday bias remains neutral and further decline is expected. On the downside, below 1.1467 will resume the fall from 1.1917. However, firm break of the channel resistance (now at 1.1589) will […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
In the kickstart video for the NA session on November 7, Greg Michalowski take a look at the 3 major currencies – the EURUSD, USDJPY and GBPUSD. What is the bias for traders, the next targets and the risk?
This article was written by Adam Button at investinglive.com.
Daily Pivots: (S1) 1.4091; (P) 1.4116; (R1) 1.4141; More… USD/CAD dips notably in early US session but stays above 55 4H EMA (now at 1.4055) so far. Intraday bias remains neutral first. On the upside break of 1.4139 will resume larger rally from 1.3538 to 100% projection of 1.3725 to 1.4078 from 1.3886 at 1.4239. […]
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.4091; (P) 1.4116; (R1) 1.4141; More… USD/CAD dips notably in early US session but stays above 55 4H EMA (now at 1.4055) so far. Intraday bias remains neutral first. On the upside break of 1.4139 will resume larger rally from 1.3538 to 100% projection of 1.3725 to 1.4078 from 1.3886 at 1.4239. […]
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 176.30; (P) 176.76; (R1) 177.24; More… Intraday bias in EUR/JPY remains neutral at this point. Risk will stay on the downside as long as 178.80 short term top holds. Below 175.67 will target 55 D EMA (now at 174.99). Sustained break there will should confirm that EUR/JPY is correcting whole rise from […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.
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 […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
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 […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
End of content
End of content