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.
USD/CAD rebounded after edging lower to 1.3685, but upside was limited well below 1.4014 resistance. Initial bias remains neutral this week first, and near term outlook stays bearish. On the downside, break of 1.3685 will resume whole fall from 1.4791 towards 1.3418 support. In the bigger picture, price actions from 1.4791 medium term top could […]
The post USD/CAD Weekly Outlook appeared first on Action Forex.
GBP/JPY rebounded notably last week but failed to break through 196.38 resistance. Initial bias remains neutral this week first. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will resume whole rally from 184.35. However, firm break of 191.86 will indicate near term reversal and turn bias back to […]
The post GBP/JPY Weekly Outlook appeared first on Action Forex.
EUR/JPY extended the rebound from 161.06 last week but failed to break through 165.19 resistance. Initial bias remains neutral this week first. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm break there will resume while rise from 154.77 to 166.67 resistance. On the downside, however, break of 161.06 will resume […]
The post EUR/JPY Weekly Outlook appeared first on Action Forex.
EUR/GBP’s rebounded after dipping to 0.8354 last week. The development suggests that a short term bottom was formed, on bullish convergence condition in 4H MACD. Initial bias is mildly on the upside this week for 0.8458 resistance, and then 38.2% retracement of 0.8737 to 0.8354 at 0.8500. Nevertheless, break of 0.8354 will resume the decline […]
The post EUR/GBP Weekly Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.1258; (P) 1.1322; (R1) 1.1432; More… Intraday bias in EUR/USD remains neutral at this point. On the upside, break of 1.1417 resistance will revive the case that correction from 1.1572 has completed at 1.1064. Retest of 1.1572 should then be seen next. Nevertheless, break of 1.1209 will extend the corrective pattern and […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.