ActionForex

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9934; (P) 0.9952; (R1) 0.9967; No change in USD/CHF’s outlook as it’s staying in consolidation below 0.9980 temporary top. Intraday bias remains...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.96; (P) 129.59; (R1) 129.97; EUR/JPY’s recovery was limited below 130.29 minor resistance and intraday bias stays neutral. Another fall is mildly in...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6151; (P) 1.6189; (R1) 1.6226; At this point, intraday bias in EUR/AUD remains mildly on the upside for retesting 1.6357 resistance first. Firm break there...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1430; (P) 1.1492; (R1) 1.1529; Intraday bias in EUR/USD remains neutral at this point and more consolidation cannot be ruled out. Near term outlook remains...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9940; (P) 0.9961; (R1) 0.9981; Intraday bias in USD/CHF remains neutral at this point. Some more consolidations could be seen. But as long as 0.9848 support...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3077; (P) 1.3103; (R1) 1.3127; USD/CAD lost some upside momentum as seen in 4 hour MACD. But for now, as long s 1.3027 minor support intact, further rise is...

Australian and New Zealand Dollar are trading as the weakest ones today. Nikkei’s sharp, over -2% decline led Asian markets lower. Risk aversion is popping up the Japanese Yen. For today,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.28; (P) 146.77; (R1) 147.53; Intraday bias in GBP/JPY remains mildly on the upside at this point. Corrective pull back from 149.70 could have completed at...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8781; (P) 0.8808; (R1) 0.8840; Intraday bias in EUR/GBP remains neutral first. Also, with 0.8847 support turned resistance intact, near term outlook stays...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3016; (P) 1.3060; (R1) 1.3109; Intraday bias in GBP/USD remains neutral at this point. Price actions from 1.2661 are seen as a corrective move. In case of...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.23; (P) 112.44(R1) 112.74; The breach of 112.72 temporary top suggests that rebound from 111.62 is resuming. Intraday bias is turned to the upside for...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7089; (P) 0.7120; (R1) 0.7150; Intraday bias in AUD/USD remains neutral at this point, with focus on 0.7088 minor support. Break there should indicate...

Asian stocks are in full risk-on mode as the week starts. China’s Shanghai SSE (LON:SSE) leads the way by rising 4.56% at the time of writing, back above 2600 handle at 2666. Some attribute the...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6093; (P) 1.6140; (R1) 1.6179; EUR/AUD’s fall from 1.6357 is still in progress and intraday bias stays on the downside for 1.5984 support. For now,...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1424; (P) 1.1476; (R1) 1.1502; EUR/USD’s fall from 1.1621 continues today and intraday bias remains on the downside for 1.1431. Break there will resume...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.85; (P) 112.29; (R1) 112.63; USD/JPY breached 112.01 minor support briefly and quickly recovered. Intraday bias is turned neutral first. On the upside,...