ActionForex

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5756; (P) 1.5806; (R1) 1.5870; Intraday bias in EUR/AUD remains neutral for the moment. Prior break of 1.5984 support is taken as an early sign of medium term...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7167; (P) 0.7213; (R1) 0.7244; Intraday bias in AUD/USD is neutral for consolidation below 0.7258 temporary top. But with 0.7159 minor support intact, another...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1354; (P) 1.1406; (R1) 1.1439; Intraday bias in EUR/USD remains neutral at this point. On the upside, above 1.1455 reaffirm that consolidation pattern from...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9986; (P) 1.0017; (R1) 1.0067; Intraday bias in USD/CHF remains neutral at this point. Considering bearish divergence condition in 4 hour MACD, a short term...

The forex markets open the week rather quietly. Sterling and Dollar are generally firmer but are both kept below Friday’s high. The Pound did attempt to rise against Euro at open but quickly...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.87; (P) 128.32; (R1) 129.03; Intraday bias in EUR/JPY remains on the upside for the moment. Rebound from 126.63 should target 130.20 resistance first....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5770; (P) 1.5884; (R1) 1.5945; EUR/AUD drops further to as low as 1.5742 so far today and intraday bias remains on the downside for 1.5601 support. Break...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2825; (P) 1.2925; (R1) 1.3099; Intraday bias in GBP/USD remains on the upside for the moment. Rebound form 1.2692 is in progress for 1.3297 resistance. For...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9984; (P) 1.0038; (R1) 1.0076; Intraday bias in USD/CHF remains neutral first. Considering bearish divergence condition in 4 hour MACD, break of 1.0007 minor...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3047; (P) 1.3109; (R1) 1.3149; Intraday bias in USD/CAD is turned neutral with a temporary top in place at 1.3170. On the downside, break of 1.3068 minor...

Asian stocks, as well as Australian and New Zealand Dollar, are shot up by optimism that US-China trade negotiation is having some nice progress. At the time of writing, Hong Kong HSI is leading the...

Sterling surged overnight on Brexit optimism and is boosted further in Asia with more Brexit-positive news. Though, for today, it’s overwhelmed by Australian and New Zealand Dollar on strong...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5957; (P) 1.5997; (R1) 1.6035; EUR/AUD’s strong break of 1.5984 support is now taken as a early sign of trend reversal. Intraday bias is now on the...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3120; (P) 1.3145; (R1) 1.3184; USD/CAD’s rise from 1.2781 is still in progress and edges higher today. While upside momentum is diminishing, current...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.73; (P) 113.05; (R1) 113.31; A temporary top is in place at 113.38 in USD/JPY and intraday bias is turned neutral first. Another rise is expected with...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1289; (P) 1.1325; (R1) 1.1350; At this point, further decline is expected in EUR/USD as long as 1.1421 minor resistance holds. Decisive break of 1.1300 key...