USD/CAD rose further to 1.4139 last week but retreated sharply since then. The break of 55 4H EMA (now at 1.4054) suggests that a short term top was already formed. Initial bias is mildly on the downside this week for 1.3886 support. On the upside, break of 1.4139 will resume the rally from 1.3538 to […]
The post USD/CAD Weekly Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.1373; (P) 1.1452; (R1) 1.1494; More…. Intraday bias in EUR/USD stays on the downside as fall from 1.2081 is in progress. Deeper decline should be seen to 38.2% retracement of 1.0176 to Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… USD/JPY is losing some momentum but further rise is in favor as long as 158.55 minor support holds. Rally 152.25 would target a retest on 161.94 Read more…
Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3867 is in progress for 1.3008 structural support. Firm break there will carry larger bearish Read more…