USD/CAD’s decline from 1.4298 resumed last week after rejection by 55 4H EMA (now at 1.4035). Initial bias stays on the downside this week. Sustained trading below 38.2% retracement of 1.3480 to 1.4298 at 1.3986 will target 61.8% retracement at 1.3792 next. On the upside, however, break of 1.4067 resistance will turn bias back to […]
The post USD/CAD Weekly Outlook appeared first on ActionForex.
EUR/USD edged lower to 1.1103 but quickly recovered. Initial bias remains neutral this week, and further fall is still expected with 1.1269 resistance intact. Break of 1.1103/11 will will extend larger fall from 1.2081 to Read more…
USD/JPY continued to stay in range below 159.02 last week. Initial bias remains neutral this week first. On the upside, above 159.02 will target 160.38. On the downside, firm break of firm break of 156.06 Read more…
GBP/USD’s rise from 1.3135 resumed with late breach of 1.3418. Initial bias is back on the upside this week for 61.8% retracement of 1.3675 to 1.3135 at 1.3469. Sustained break there will target 1.3675 resistance Read more…