ActionForex

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.64; (P) 131.33; (R1) 131.94; Despite breaching 130.86 resistance turned support, EUR/JPY quickly recovered. Intraday bias remains neutral and further rally...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6006; (P) 1.6045; (R1) 1.6105; Intraday bias in EUR/AUD is neutral for the moment. Price actions from 1.6353 are seen as a correction. In case of another...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2801; (P) 1.2821; (R1) 1.2845; A temporary low is formed at 1.2781 with 4 hour MACD crossed above signal line, after hitting lower channel support. intraday...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.46; (P) 113.75; (R1) 113.98; USD/JPY is staying in consolidation from 114.05 temporary top and intraday bias remains neutral. Deeper pull back cannot be...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2927; (P) 1.2991; (R1) 1.3042; Intraday bias in GBP/USD remains on the downside for 1.2784 support. Firm break there will likely resume larger down trend...

Euro recovers broadly today on new that the final version of Italy’s budget could be less worse than originally reported. More details could be published today and we’ll see how the common...

Canadian Dollar remains firm on the USMCA trade deal but it’s waiting for fresh stimulus to extend rally against Dollar and Yen. Australian Dollar is also steady after RBA stands pat and...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.66; (P) 132.06; (R1) 132.39; EUR/JPY drops sharply today but stays above 130.86 resistance turned support so far. Intraday bias remains neutral and another...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5992; (P) 1.6045; (R1) 1.6079; EUR/AUD recovers strongly today but for now there is no confirmation of short term reversal yet. Correction from 1.6353 could...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2773; (P) 1.2824; (R1) 1.2867; Intraday bias in USD/CAD remains on the downside for the moment. Fall from 1.3385 is in progress and would target next...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.74; (P) 113.93; (R1) 114.16; A temporary top is in place at 114.05 in USD/JPY with today’s retreat. Intraday bias is turned neutral first. Some...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3001; (P) 1.3051; (R1) 1.3091; Intraday bias in GBP/USD remains neutral for consolidation above 1.2999 temporary top. Overall, near term outlook remains...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8881; (P) 0.8898; (R1) 0.8923; Intraday bias in EUR/GBP remains neutral for the moment. While the pull back fro 0.8994 is deep, the structure still suggests...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1317; (P) 1.1359; (R1) 1.1437; EUR/CHF’s break of 1.1414 today suggests resumption of rebound from 1.1178 short term bottom. Intraday bias is back on...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2990; (P) 1.3041; (R1) 1.3080; Intraday bias in GBP/USD remains on the downside for the moment. Corrective rise from 1.2661 has completed at 1.3297, ahead of...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.43; (P) 113.57; (R1) 113.83; USD/JPY’s rally continues today and reaches as high as 113.96 so far. Intraday bias stays on the upside. Current rally...