EUR/CHF Weekly Outlook – ActionForex

EUR/CHF edged lower last week but failed to get rid of 0.9155 cluster support (38.2% retracement of 0.8979 to 0.9264 at 0.9155) cleanly. Initial bias stays neutral this week first. On the upside, break of 0.9177 minor resistance will turn bias back to the upside for 0.9264 resistance. However, sustained trading below 0.9155 will turn bias back to the downside for deeper pullback to 61.8% retracement at 0.9088 and possibly below.

In the bigger picture, considering bullish convergence condition in W MACD, a medium term bottom should be in place at 0.8979. Sustained trading above 55 W EMA (now at 0.9268) will add more credence to this case. Further break of 0.9394 resistance will pave the way to 0.9660 resistance next. However rejection by the 55 W EMA will set up another fall through 0.8979 low at a later stage.

In the long term picture, outlook will stay bearish as long as 0.9407 support turned resistance (2022 low) holds. However, firm break of 0.9407 will argue that the down trend from 1.2004 (2018 high) has completed with five waves down to 0.8979. Stronger rebound should then be seen to 38.2% retracement of 1.2004 to 0.8979 at 1.0135 in the medium term.

Source link

Visited 1 times, 1 visit(s) today

Related Article

GBP/USD Weekly Forecast - 10/05: Holds Higher Ground (Chart)

GBP/USD Weekly Forecast – 10/05: Holds Higher Ground (Chart)

Having seen a high around the 1.36450 mark on Wednesday, the GBP/USD went into this weekend around 1.36274. The currency pair has been correlating to the global Forex market in a straightforward manner per USD centric sentiment depending on what time of the day it is. While that sentence may seem to be a bit

Table of prices Gold 10/05/2026

Weekly Pairs in Focus 10th to 15th Mayo 2026 (Charts)

Gold The gold market has initially felt during the week only to turn around and show signs of strength again. The $4,600 level continues to be very important, and I think you need to watch this very closely as it is an area that has caused both support and resistance multiple times in the past.

EUR/AUD Weekly Outlook - ActionForex

EUR/AUD Weekly Outlook – ActionForex

EUR/AUD’s fall from 1.6842 extended lower last week but recovered ahead of 1.6125 low. Initial bias is turned neutral this week first. On the downside, decisive break of 1.6125 will resume larger fall from 1.8554. Nevertheless, break of 1.6371 resistance will indicate short term bottoming, and turn bias back to the upside for stronger rebound

EUR/GBP Weekly Outlook - ActionForex

EUR/GBP Weekly Outlook – ActionForex

EUR/GBP recovered last week as it failed to break through 0.8610 support. Initial bias stays neutral this week first. On the downside, firm break of 0.8610 will carry larger bearish implications and pave the way to 0.8466 fibonacci level next. Nevertheless, firm break of 0.8676 will turn bias back to the upside for stronger rebound

EUR/JPY Weekly Outlook - ActionForex

EUR/JPY Weekly Outlook – ActionForex

EUR/JPY edged lower to 182.01 last week but rebounded since then. Initial bias remains neutral this week first. Break of 182.01 will extend the fall from 187.93 to 180.78 support. Nevertheless, firm break of 185.02 will suggest that pullback from 187.93 has completed, and turn bias back to the upside for retesting this high. In

GBP/JPY Weekly Outlook - ActionForex

GBP/JPY Weekly Outlook – ActionForex

GBP/JPY stayed in range of 210.43/214.21 last week and outlook is unchanged. Initial bias remains neutral this week first. Below 210.43 will extend the fall from 216.58 to 209.58 support first. However, firm break of 214.21 will argue that the pullback from 216.58 has completed, and turn bias back to the upside for retesting this

USD/CAD Weekly Outlook - ActionForex

USD/CAD Weekly Outlook – ActionForex

USD/CAD recovered last week but upside is capped by 1.3709 resistance. Initial bias remains neutral this week first. On the downside, below 1.3549 will extend the fall from 1.3965 to retest 1.3480 low. Decisive break there will resume whole down trend from 1.4791. However, sustained break of 1.3709 will confirm short term bottoming, and turn

AUD/USD Weekly Report - ActionForex

AUD/USD Weekly Report – ActionForex

AUD/USD edged higher to 0.7277 last week as up trend continued, but retreated since then. Initial bias remains neutral this week for consolidations. Further rise is expected as long as 0.7101 support holds. Above 0.7277 will target 61.8% projection of 0.6420 to 0.7187 from 0.6832 at 0.7306. In the bigger picture, rise from 0.5913 (2024

USD/CHF Weekly Outlook - ActionForex

USD/CHF Weekly Outlook – ActionForex

USD/CHF’s decline from 0.8041 resumed last week. Initial bias stays on the downside this week. Firm break of 61.8% projection of 0.8041 to 0.7774 from 0.7923 at 0.7758 will target 100% projection at 0.7656. On the upside, above 0.7808 minor resistance will turn intraday bias neutral again first. In the bigger picture, as long as

EUR/USD Weekly Outlook - ActionForex

EUR/USD Weekly Outlook – ActionForex

EUR/USD stayed in range below 1.1848 last week and outlook is unchanged. Initial bias remains neutral, and further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will target 1.2081 high next. However, firm break of 1.1662 support will indicate the the rebound from 1.1408 has completed, and bring deeper

Markets Ignore Geopolitical Risks, Chase AI Rally, and Dump Dollar

Markets Ignore Geopolitical Risks, Chase AI Rally, and Dump Dollar

Markets spent last week aggressively chasing the AI-driven equity rally while largely ignoring geopolitical tensions in the Middle East. Despite renewed uncertainty over a promised peace deal, stocks surged to new records while Dollar weakened broadly on strong risk appetite. S&P 500 followed NASDAQ to fresh records, while Asia’s major technology-heavy benchmarks exploded higher as

USD/JPY Weekly Outlook - ActionForex

USD/JPY Weekly Outlook – ActionForex

USD/JPY dipped to 155.01 last week but recovered since then. Initial bias stays neutral this week first. On the downside, break of 155.01 will resume the fall from 160.71 to 152.25 support next. On the upside, however, firm break of 157.92 will indicate that pullback from 160.71 has completed, and turn bias back to the

GBP/USD Weekly Outlook - ActionForex

GBP/USD Weekly Outlook – ActionForex

GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will target 61.8% projection of 1.3158 to 1.3598 from 1.3453 at 1.3725 first. Firm break there will target a retest on

Yen Stabilises, But Intervention Risks Remain

Yen Stabilises, But Intervention Risks Remain

USD/JPY is holding near 156.83 on Friday. Despite heightened volatility in recent sessions, the yen is set to end the week broadly unchanged. Fears of intervention and Tokyo’s firm rhetoric have failed to support a sustained strengthening of the currency. Japanese authorities have stated that they are not constrained by the frequency of their interventions

Youtube preview

Four reasons why Gold and Silver have risen, Nonfarm Payrolls in focus [Video]

In today’s Market Outlook, let’s take a look at Forex Trading on WTI, Brent Crude Oil, the NASDAQ, the Dow Jones Industrial Average, Gold, XAUUSD, and Silver XAGUSD. As a matter of course, we watch price action on gold and silver, and they are both following similar paths. Price broke out of a downtrend, rose,

TSC-Infinity-Launches-Cloud-Based-Trade-Automation_1778242030muWEbcelxd-1240x698

Telegram Signal Copier Launches TSC Infinity-A Fully Cloud-Based Telegram Copier for Seamless Trade Automation

FLORIDA CITY, Fla., May 08, 2026 (GLOBE NEWSWIRE) — Replacing its desktop application with a fully browser-based platform, TSC Infinity delivers unlimited, device-independent Telegram signal copying for traders of all levels. Telegram Signal Copier (TSC) , a trusted signal copier and Telegram signal management tool serving more than 90,000 retail and professional traders globally across

How AiTradeBtc Automates Trading in

How AiTradeBtc Automates Trading in

London, UK, May 08, 2026 (GLOBE NEWSWIRE) — Today, AiTradeBtc announced a strategic expansion of its AI-powered cryptocurrency trading platform as institutional participation, regulatory development, and evolving market behavior continue to reshape the global digital asset industry. The expansion focuses on improving platform scalability, strengthening the compliance infrastructure, and enhancing the overall trading experience through more structured,

Mixed Feelings After the April Non-Farm Payrolls Beat and Consumer Sentiment Miss

Mixed Feelings After the April Non-Farm Payrolls Beat and Consumer Sentiment Miss

Markets have shown their fair acts of stoicism in recent days, not reacting the slightest to bad and relatively hawkish news. Yesterday, Iran reported US strikes on its capital and a few key energy-producing regions (including Bandar Abbas and Sirik – close to Hormuz), which came as a direct response to the Iranian firing on

0
Would love your thoughts, please comment.x
()
x