USD/CHF’s decline from 1.0146 extended further to 0.9214 last week but recovered again. Initial bias remains neutral this week first. On the downside. break of 0.9214 will resume the fall and target 61.8% projection of Read more…
A short term top should be formed at 0.6892 last week after the deep decline from there. Initial bias in AUD/USD remains on the downside this week for 38.2% retracement of 0.6169 to 0.6892 at Read more…
USD/CAD’s rise from 1.3224 resumed through 1.3699 last week after interim pull back. Initial bias is back on the upside this week. The favored case is still that correction from 1.3976 has completed at 1.3224. Read more…
Despite edging higher to 169.26 last week, GBP/JPY quickly reversed. Initial bias remains neutral this week first. On the downside, break of 164.02 support will resume the whole fall from 172.11 through 163.02 support. On Read more…
EUR/JPY’s rally last week argues that correction from 148.38 has completed at 140.75 already. But as a temporary top was formed at 146.71, initial bias is turned neutral this week first. On the upside, break Read more…
EUR/GBP’s strong rebound last week confirmed short term bottoming at 0.8545. Initial bias is mildly on the upside this week for 0.8827 resistance. Firm break there will argue that whole decline from 0.9267 has completed Read more…
EUR/AUD’s rise from 1.4281 resumed last week and hit as high as 1.5916. Initial bias remains on the upside this week for 61.8% projection of 1.4281 to 1.5704 from 1.5271 at 1.6150. On the downside, Read more…
EUR/CHF’s consolidation pattern from 0.9953 continued last week and overall outlook is unchanged. Initial bias stays neutral this week first. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to Read more…
Monday, Dec 19, 2022 Tuesday, Dec 20, 2022 Wednesday, Dec 21, 2022 Thursday, Dec 22, 2022 Friday, Dec 23, 2022 The post Summary 12/19 – 12/23 appeared first on Action Forex.
After a volatile week due to a plethora of data, including CPI from the US and UK, along with central bank meetings from the FOMC, BOE, and ECB, this week things should begin to quiet Read more…