GBP/USD rebounded further to 1.2708 last week but retreated since then. Initial bias remains neutral this week first. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias Read more…
USD/CHF stayed in consolidation below 0.8884 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is expected with 0.8727 resistance turned support intact. On the upside, above 0.8884 will Read more…
AUD/USD’s recovery from 0.6442 continued last week but upside was capped well below 0.6621 resistance so far. Initial bias remains neutral this week first and outlook stays bearish. On the downside, below 0.6520 minor support Read more…
USD/CAD stayed in consolidation below 1.3585 last week and outlook is unchanged. Further rally is expected as long as 1.3357 support holds. Break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. However, Read more…
EUR/GBP’s late breach of 0.8535 minor support argues that recovery from 0.8497 has completed at 0.8577 already. Initial bias is now on the downside this week for retesting 0.8491/7 support zone. Decisive break there will Read more…
EUR/AUD was still stuck in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, decisive break of 1.6671 will revive the case that whole correction from Read more…
EUR/JPY’s rally from 153.15 continued last week but lost momentum after hitting 163.45. Initial bias is turned neutral this week for consolidations first. Downside of retreat should be contained by 55 4H EMA (now at Read more…
GBP/JPY’s up trend continued last week and there is no sign of topping yet. Initial bias remains on the upside this week for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Firm break Read more…
Monday, Feb 26, 2024 Tuesday, Feb 27, 2024 Wednesday, Feb 28, 2024 Thursday, Feb 29, 2024 Friday, Mar 1, 2024 The post Summary 2/26 – 3/1 appeared first on Action Forex.
U.S. Highlights Minutes from the January 30th-31st FOMC underscored that policymakers are adopting a cautious approach on when to pivot to policy easing. A number of Fed Governors spoke this week, and all urged patience Read more…