Technical Outlook – Action Forex https://www.actionforex.com Live Forex Analysis, Currency Rates, Economic Calendar, Technical Forecast, Fundamental News, Free Trading Signals. Best. USD Dollar, EUR Euro, JPY Yen, GBP Pound, CHF Swiss Franc, CAD Canadian Dollar, AUD Australian Dollar, NZD New Zealand Dollar Tue, 26 May 2020 14:24:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.1 EUR/AUD Mid-Day Outlook https://www.actionforex.com/technical-outlook/euraud-outlook/298162-eur-aud-mid-day-outlook-24/ https://www.actionforex.com/technical-outlook/euraud-outlook/298162-eur-aud-mid-day-outlook-24/#respond Tue, 26 May 2020 14:24:55 +0000 https://www.actionforex.com/?p=298162 Daily Pivots: (S1) 1.6620; (P) 1.6661; (R1) 1.6687; More… EUR/AUD’s decline from 1.9799 resumes today with a break on 1.6597 cluster support zone. The development suggests that larger down trend might be resuming. Intraday bias is now on the downside for 1.6085 support next. On the upside, break of 1.6763 resistance is needed to indicate […]

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EUR/GBP Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/298158-eur-gbp-mid-day-outlook-62/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/298158-eur-gbp-mid-day-outlook-62/#respond Tue, 26 May 2020 14:18:35 +0000 https://www.actionforex.com/?p=298158 Daily Pivots: (S1) 0.8928; (P) 0.8944; (R1) 0.8960; More… EUR/GBP’s break of 4 hour 55 EMA suggests that rebound from 0.8670 has completed at 0.9000, after hitting 38.2% retracement of 0.9499 to 0.8670 at 0.8987. Intraday bias is back on the downside for 55 day EMA (now at 0.8802). Break will target a test on […]

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GBP/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpjpy-outlook/298154-gbp-jpy-mid-day-outlook-71/ https://www.actionforex.com/technical-outlook/gbpjpy-outlook/298154-gbp-jpy-mid-day-outlook-71/#respond Tue, 26 May 2020 14:13:00 +0000 https://www.actionforex.com/?p=298154 Daily Pivots: (S1) 131.01; (P) 131.21; (R1) 131.48; More… GBP/JPY’s break of 132.50 resistance suggests that rebound from 129.27 is resuming. Also, correction from 135.74 is possibly completed and rise form 123.94 might be resuming. Intraday bias is back on the upside for 135.74 resistance next. On the downside, though, break of 130.67 support will […]

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USD/CAD Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdcad-outlook/298150-usd-cad-mid-day-outlook-118/ https://www.actionforex.com/technical-outlook/usdcad-outlook/298150-usd-cad-mid-day-outlook-118/#respond Tue, 26 May 2020 14:08:40 +0000 https://www.actionforex.com/?p=298150 Daily Pivots: (S1) 1.3965; (P) 1.3987; (R1) 1.4004; More…. Intraday bias in USD/CAD is turned to the downside as corrective pattern from 1.4667 extends. At this point, we’d still expect strong support from 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4048 resistance will indicate completion of […]

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AUD/USD Daily Report https://www.actionforex.com/technical-outlook/audusd-outlook/298146-aud-usd-daily-report-139/ https://www.actionforex.com/technical-outlook/audusd-outlook/298146-aud-usd-daily-report-139/#respond Tue, 26 May 2020 14:03:07 +0000 https://www.actionforex.com/?p=298146 Daily Pivots: (S1) 0.6527; (P) 0.6539; (R1) 0.6557; More… AUD/USD’s rise from 0.5506 resumes today and reaches as high as 0.6652 so far. Intraday bias is back on the upside for 0.6670 key resistance next. Rejection from there, followed by 0.6505 support will indicate short term topping. Intraday bias is turned back to the downside […]

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USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/298142-usd-jpy-mid-day-outlook-842/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/298142-usd-jpy-mid-day-outlook-842/#respond Tue, 26 May 2020 13:57:10 +0000 https://www.actionforex.com/?p=298142 Daily Pivots: (S1) 107.61; (P) 107.70; (R1) 107.81; More.. USD/JPY is staying in tight range below 108.08 temporary top and intraday bias remains neutral. We’re still favoring the case that corrective fall from 111.71 has already completed at 105.98. Further rise should be seen and break of 108.08 will turn bias to the upside for […]

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USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/298138-usd-chf-mid-day-outlook-840/ https://www.actionforex.com/technical-outlook/usdchf-outlook/298138-usd-chf-mid-day-outlook-840/#respond Tue, 26 May 2020 13:54:10 +0000 https://www.actionforex.com/?p=298138 Daily Pivots: (S1) 0.9702; (P) 0.9719; (R1) 0.9733; More… Intraday bias in USD/CHF remains neutral with focus turned to 0.9638 support with today’s decline. Break will extend the corrective pattern from 0.9901 with another fall, to 0.9588 support and below. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to […]

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EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/298134-eur-usd-mid-day-outlook-845/ https://www.actionforex.com/technical-outlook/eurusd-outlook/298134-eur-usd-mid-day-outlook-845/#respond Tue, 26 May 2020 13:50:37 +0000 https://www.actionforex.com/?p=298134 Daily Pivots: (S1) 1.0873; (P) 1.0894; (R1) 1.0917; More… Intraday bias in EUR/USD remains neutral but focus is on 1.1008 resistance with today’s rebound. Break will extend the corrective pattern from 1.0635 with another rise towards 1.1147 resistance. But upside should be limited by 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, […]

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GBP/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/298129-gbp-usd-mid-day-outlook-838/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/298129-gbp-usd-mid-day-outlook-838/#respond Tue, 26 May 2020 13:33:04 +0000 https://www.actionforex.com/?p=298129 Daily Pivots: (S1) 1.2165; (P) 1.2184; (R1) 1.2205; More…. GBP/USD’s break of 1.2296 minor resistance suggests resumption of rebound from 1.2065. More importantly, corrective pattern from 1.2647 might have completed and rise from 1.1409 might be resuming. Intraday bias is back on the upside for 1.2647 resistance. Break will confirm and target 61.8% projection of […]

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GBP/JPY Daily Outlook https://www.actionforex.com/technical-outlook/gbpjpy-outlook/297959-gbp-jpy-daily-outlook-865/ https://www.actionforex.com/technical-outlook/gbpjpy-outlook/297959-gbp-jpy-daily-outlook-865/#respond Tue, 26 May 2020 07:59:58 +0000 https://www.actionforex.com/?p=297959 Daily Pivots: (S1) 131.01; (P) 131.21; (R1) 131.48; More… GBP/JPY’s rebound today put focus on 132.40 minor resistance. Break there will resume the rise from 129.27. More importantly, that would suggests completion of the corrective fall from 135.74. Intraday bias will be turned back to the upside for 135.74 resistance. on the downside, break of […]

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EUR/JPY Daily Outlook https://www.actionforex.com/technical-outlook/eurjpy-outlook/297952-eur-jpy-daily-outlook-863/ https://www.actionforex.com/technical-outlook/eurjpy-outlook/297952-eur-jpy-daily-outlook-863/#respond Tue, 26 May 2020 07:55:24 +0000 https://www.actionforex.com/?p=297952 Daily Pivots: (S1) 117.13; (P) 117.34; (R1) 117.60; More….. Intraday bias in EUR/JPY remains neutral for the moment, and further rally is mildly in favor. On the upside, break of 118.52 will resume the rebound from 114.42 and target 121.14 resistance next. However, break of 116.85 resistance turned support, and sustained trading below 4 hour […]

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EUR/GBP Daily Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/297948-eur-gbp-daily-outlook-865/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/297948-eur-gbp-daily-outlook-865/#respond Tue, 26 May 2020 07:52:23 +0000 https://www.actionforex.com/?p=297948 Daily Pivots: (S1) 0.8928; (P) 0.8944; (R1) 0.8960; More… Focus is now on 4 hour 55 EMA in EUR/GBP. Rebound form the current level should resume the rebound from 0.8670. Firm break of 38.2% retracement of 0.9499 to 0.8670 at 0.8987 will indicate completion of whole fall from 0.9499. Further rally should be seen to […]

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EUR/AUD Daily Outlook https://www.actionforex.com/technical-outlook/euraud-outlook/297938-eur-aud-daily-outlook-859/ https://www.actionforex.com/technical-outlook/euraud-outlook/297938-eur-aud-daily-outlook-859/#respond Tue, 26 May 2020 07:48:48 +0000 https://www.actionforex.com/?p=297938 Daily Pivots: (S1) 1.6620; (P) 1.6661; (R1) 1.6687; More… Intraday bias in EUR/AUD remains neutral at this. Focus stays on whether it could defend 1.6597 key support level. On the upside, break of 1.7194 resistance should confirm short term bottoming. Stronger rise should then be seen to 38.2% retracement of 1.9799 to 1.6538 at 1.7784 […]

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EUR/CHF Daily Outlook https://www.actionforex.com/technical-outlook/eurchf-outlook/297934-eur-chf-daily-outlook-864/ https://www.actionforex.com/technical-outlook/eurchf-outlook/297934-eur-chf-daily-outlook-864/#respond Tue, 26 May 2020 07:45:43 +0000 https://www.actionforex.com/?p=297934 Daily Pivots: (S1) 1.0577; (P) 1.0587; (R1) 1.0598; More… EUR/CHF rebounds after drawing support from 4 hour 55 EMA, but stays below 1.0662 temporary top. Intraday bias remains neutral first and further rise is in favor. On the upside, break of 1.0662 will resume the current rebound to 1.0710 cluster resistance (38.2% retracement of 1.1059 […]

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USD/CAD Daily Outlook https://www.actionforex.com/technical-outlook/usdcad-outlook/297928-usd-cad-daily-outlook-863/ https://www.actionforex.com/technical-outlook/usdcad-outlook/297928-usd-cad-daily-outlook-863/#respond Tue, 26 May 2020 07:24:23 +0000 https://www.actionforex.com/?p=297928 Daily Pivots: (S1) 1.3965; (P) 1.3987; (R1) 1.4004; More…. Intraday bias in USD/CAD remains neutral first. Corrective pattern from 1.4667 might extend but downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4140 resistance will indicate completion of the correction. Intraday bias will […]

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AUD/USD Daily Report https://www.actionforex.com/technical-outlook/audusd-outlook/297920-aud-usd-daily-report-138/ https://www.actionforex.com/technical-outlook/audusd-outlook/297920-aud-usd-daily-report-138/#respond Tue, 26 May 2020 07:21:26 +0000 https://www.actionforex.com/?p=297920 Daily Pivots: (S1) 0.6527; (P) 0.6539; (R1) 0.6557; More… AUD/USD recovered after drawing support from 4 hour 55 EMA, but stays below 0.6616. Intraday bias remains neutral first and outlook is unchanged. Rebound from 0.5506 might still extend. However, considering persistent bearish divergence condition in 4 hour MACD, in case of another rise, upside should […]

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USD/JPY Daily Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/297913-usd-jpy-daily-outlook-867/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/297913-usd-jpy-daily-outlook-867/#respond Tue, 26 May 2020 07:17:46 +0000 https://www.actionforex.com/?p=297913 Daily Pivots: (S1) 107.61; (P) 107.70; (R1) 107.81; More.. Intraday bias in USD/JPY remains neutral first. We’re still favoring the case that corrective fall from 111.71 has already completed at 105.98. Further rise should be seen and break of 108.08 will turn bias to the upside for 109.38 resistance. However, break of 106.74 support will […]

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USD/CHF Daily Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/297907-usd-chf-daily-outlook-867/ https://www.actionforex.com/technical-outlook/usdchf-outlook/297907-usd-chf-daily-outlook-867/#respond Tue, 26 May 2020 07:15:19 +0000 https://www.actionforex.com/?p=297907 Daily Pivots: (S1) 0.9702; (P) 0.9719; (R1) 0.9733; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.9901 is still extending. On the downside, break of 0.9638 will turn bias to the downside for 0.9588 and below. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On […]

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EUR/USD Daily Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/297903-eur-usd-daily-outlook-867/ https://www.actionforex.com/technical-outlook/eurusd-outlook/297903-eur-usd-daily-outlook-867/#respond Tue, 26 May 2020 07:12:46 +0000 https://www.actionforex.com/?p=297903 Daily Pivots: (S1) 1.0873; (P) 1.0894; (R1) 1.0917; More… EUR/USD still staying in consolidation from 1.0635 and intraday bias remains neutral. Above 1.1008 will bring stronger rise towards 1.1147 resistance. But upside should be limited by 61.8% retracement of 1.1496 to 1.0635 at 1.1167. On the downside, break of 1.0774 will target a test on […]

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GBP/USD Daily Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/297848-gbp-usd-daily-outlook-872/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/297848-gbp-usd-daily-outlook-872/#respond Tue, 26 May 2020 04:26:26 +0000 https://www.actionforex.com/?p=297848 Daily Pivots: (S1) 1.2165; (P) 1.2184; (R1) 1.2205; More…. Intraday bias in GBP/USD remains neutral despite current recovery. Focus is back on 1.2296 resistance. Firm break there should come with sustained trading above 4 hour 55 EMA. That would indicate completion of the choppy fall from 1.2642, and argue that rebound from 1.1409 is not […]

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