GBP/USD stayed in consolidation below 1.1494 last week and outlook is unchanged. Initial bias remains neutral this week first, but further rally is in favor as long as 1.0922 minor support holds. On the upside, Read more…
USD/CHF rose further to 1.0146 last week but retreated since then. Initial bias is neutral this week for some consolidations first. Downside should be contained above 0.9779 support. Break of 1.0146 will resume larger up Read more…
AUD/USD’s rebound from 0.6169 extended higher last week and break of 0.6362 support turned resistance confirm short term bottoming. That came just ahead of 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. Initial Read more…
USD/CAD stayed in consolidation below 1.3976 last week and outlook is unchanged. Initial bias remains neutral this week first. Downside of retreat should be contained by 1.3501 support to bring another rally. On the upside, Read more…
GBP/JPY rose to as high as 170.07 last week, and met 61.8% projection of 148.93 to 165.69 from 159.71 at 170.06. But subsequent retreat indicates it has already turned into consolidation. initial bias is neutral Read more…
EUR/JPY’s up trend resumed last week and hit as high as 148.38. But subsequent retreats indicates that it’s turned into another consolidation phase. Initial bias is turned neutral this week first. Downside should be contained Read more…
EUR/GBP edged lower to 0.8577 last week but recovered again. Initial bias stays neutral this week first. Further decline is expected as long as 0.8869 resistance holds. Break of 0.8577 will resume the fall from Read more…
EUR/AUD edged higher to 1.5685 last week but turned into consolidation then. Initial bias remains neutral this week first. Downside of retreat should be contained by 1.5165 support to bring another rally. Break of 1.5685 Read more…
EUR/CHF’s rally resumed last week and rose to as high as 0.9883, despite loss of upside momentum. 61.8% projection of 0.9407 to 0.9798 from 0.9641 at 0.9883 was met but there is no sign of Read more…
Monday, Oct 24, 2022 Tuesday, Oct 25, 2022 Wednesday, Oct 26, 2022 Thursday, Oct 27, 2022 Friday, Oct 28, 2022 The post Summary 10/24 – 10/28 appeared first on Action Forex.