ActionForex

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5655; (P) 1.5742; (R1) 1.5791; EUR/AUD’s break of 1.5742 temporary low confirms fall resumption. Intraday bias is back on the downside. As noted...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3061; (P) 1.3110; (R1) 1.3164; USD/CAD is staying in range of 1.3048/3170. At this point, intraday bias remains neutral first. On the upside, break of 1.3170...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.06; (P) 113.44; (R1) 113.94; Intraday bias in USD/JPY stays neutral first. And, with 112.56 minor support intact, another rise is mildly in favor. On the...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3076; (P) 1.3125; (R1) 1.3177; With 4 hour MACD crossed below signal line, intraday bias in GBP/USD is turned neutral first. On the upside, above 1.3174 will...

Strong risk appetite carries through from US to Asian markets after Democrat’s regain of majority in House after the mid-term election. Nikkei closed up strongly by 401.12 pts or 1.82% at...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8701; (P) 0.8729; (R1) 0.8747; Intraday bias in EUR/GBP remains on the downside for the moment. Break of 0.8722 indicates resumption of whole decline from...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1443; (P) 1.1458; (R1) 1.1471; No change in EUR/CHF’s outlook. While recovery from 1.1343 is in progress, it’s limited well below 1.1501...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7217; (P) 0.7232; (R1) 0.7260; AUD/USD’s rebound from 0.7020 resumes by taking out 0.7258. Intraday bias is back on the upside for 0.7314 resistance....

USD/CHF Daily OutlookDaily Pivots: (S1) 1.0012; (P) 1.0034; (R1) 1.0048; At this point USDCHF remains bounded in range of 0.9968/1.0094 and intraday bias stays neutral. On the downside, break of...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1398; (P) 1.1419; (R1) 1.1446; EUR/USD’s break of 1.1455 suggests that rebound from 1.1302 has resumed. Intraday bias is turned to the upside for...

Dollar trades broadly lower as results of US mid-term election kick in. At the time of writing, Democrats already claimed victory of 163 seats in the House while Republicans got 159 seats. And the...

Australian Dollar trades broadly higher today after RBA stood pat but raised growth forecast a little. Though, it’s being held below last week’s high against both Dollar and Euro. More...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5789; (P) 1.5826; (R1) 1.5859; EUR/AUD is staying in consolidation from 1.5742 and intraday bias remains neutral first. As noted before, prior break of...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.07; (P) 113.20; (R1) 113.34; Breach of 113.38 suggests USD/JPY’s rebound from 111.37 is resuming. Intraday bias is back on the upside for 114.54/73...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2985; (P) 1.3021; (R1) 1.3077; GBP/USD’s rise from 1.2692 is still in progress and intraday bias remains on the upside for 1.3257/3297 resistance zone....

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3082; (P) 1.3100; (R1) 1.3128; USD/CAD is staying in range of 1.3048/3170 and intraday bias remains neutral first. On the upside, break of 1.3170 target...