ActionForex

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5907; (P) 1.6015; (R1) 1.6074; EUR/AUD recovered quickly after breaching 1.5984 support. Intraday bias stays neutral first. On the upside, break of 1.6152...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3091; (P) 1.3120; (R1) 1.3141; No change in USD/CAD’s outlook. Despite diminishing upside momentum, with 1.2969 support intact, further rise is...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.56; (P) 112.83; (R1) 113.34; Intraday bias in USD/JPY remains on the upside for the moment as rebound from 111.37 is in progress. Corrective fall from...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1328; (P) 1.1358; (R1) 1.1375; EUR/USD is holding above 1.1335 temporary low and intraday bias stays neutral first. Further decline is expected as long as...

Dollar index jumped overnight and breached 96.98 key resistance, with the help from rebound in stocks and treasury yields. But strength of the greenback mainly centered against Sterling, Swiss Franc...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.29; (P) 127.76; (R1) 128.29; Intraday bias in EUR/JPY stays neutral at this point. Near term outlook also remain bearish with 128.44 minor resistance...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6045; (P) 1.6098; (R1) 1.6169; EUR/AUD gyrates lower but stays in range of 1.5984/6357. Intraday bias remains neutral for the moment. As long as 1.5984...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3092; (P) 1.3121; (R1) 1.3163; With 1.2969 support intact, near term outlook in USD/CAD stays cautiously bullish. The choppy decline from 1.2285 should have...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1350; (P) 1.1384; (R1) 1.1406; Intraday bias in EUR/USD remains neutral for consolidation above 1.1335 temporary low. With 1.1493 resistance intact, further...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9984; (P) 1.0004; (R1) 1.0041; USD/CHF recovers today but stays below 1.0026 temporary top. Intraday bias remains neutral at this point. With 0.9848 support...

Early rebound in US stocks overnight initially supported Dollar. But the greenback couldn’t hold on to the gains as stocks suffered steep reversal. Fed’s rate hike was not the reason for...

Commodity currencies are trading mildly higher today as Asian markets turned mixed. Australian Dollar is the stronger one, followed by New Zealand. On the other hand, Swiss Franc is the weakest,...

EUR/JPY Daily OutlookDaily Pivots: (S1) 126.83; (P) 127.38; (R1) 128.12; Intraday bias in EUR/JPY remains on the downside at this point. Fall from 133.12 is in progress for retesting 124.89 low. On...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6032; (P) 1.6111; (R1) 1.6170; Intraday bias in EUR/AUD remains neutral as range trading continues inside 1.5984/6357. As long as 1.5984 support holds,...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7037; (P) 0.7070; (R1) 0.7121; Intraday bias in AUD/USD remains neutral at this point. As long as 0.7159 resistance holds, near term outlook will remain...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.36; (P) 111.91; (R1) 112.43; Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 114.54 is in progress for 38.2% retracement...