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Daily Pivots: (S1) 0.9316; (P) 0.9331; (R1) 0.9342; More…. Intraday bias in EUR/CHF is turned neutral with current retreat, and some consolidations would be seen below 0.9349. Still, fall from 0.9660 could have completed at 0.9178, on bullish convergence condition in D MACD. Above 0.9349 will target 0.9452 resistance next. However, break of 0.9275 will […]
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Daily Pivots: (S1) 1.1563; (P) 1.1582; (R1) 1.1617; More… No change in EUR/USD’s outlook as sideway trading continues. Intraday bias remains neutral. Further decline is expected with 1.1655 resistance intact. On the downside, below 1.1490 and 1.1467 will resume the whole decline from 1.1917 high. Next targets are 1.1390, and then 38.2% retracement of 1.0176 […]
The post EUR/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 155.82; (P) 156.28; (R1) 156.91; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 157.88. Downside should be contained by 154.47 resistance turned support. On the upside, break of 157.88 will resume the whole rally from 139.87. Next target is 158.86 structural resistance, and then 161.94 high. […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3162; (P) 1.3204; (R1) 1.3282; More… GBP/USD’s break of 1.3247 support turned resistance suggests that fall from 1.3787 has completed as a three-wave correction at 1.3008. Intraday bias is back on the upside. Sustained break above 55 D EMA (now at 1.3268) should confirm and target a retest on 1.3725/3787 resistance zone. […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 0.8027; (P) 0.8055; (R1) 0.8072; More… Intraday bias in USD/CHF remains neutral for the moment. No change in the outlook that current rise from 0.7877 is still seen as the third leg of the corrective pattern from 0.7828 low. Above 0.8101 will target 0.8123 resistance, and then 138.2% projection of 0.7828 to […]
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Daily Pivots: (S1) 1.4016; (P) 1.4062; (R1) 1.4088; More… No change in USD/CAD’s outlook as range trading continues below 1.4139. Intraday bias remains neutral for the moment. Further rally is expected with 1.3970 support intact. On the upside, decisive break of 1.4139 resistance will resume whole rally from 1.3538. Next target is 61.8% retracement of […]
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That last line is the only thing that matters in determining which side of the fence he is on. Besides that, the other comments are not anything that we haven’t heard of before.
This article was written by Justin Low at investinglive.com.
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