ActionForex

Canadian Dollar surges broadly today as the an agreement, the USMCA is finally reached with the US to replace NAFTA. Riding on the last week’s post GDP rally, the Loonie is enjoying strong...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.49; (P) 132.09; (R1) 132.61; Intraday bias in EUR/JPY remains neutral as consolidation from 133.12 is extending. While deeper pull back could be seen, as...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6128; (P) 1.6170; (R1) 1.6196; Intraday bias in EUR/AUD is mildly on the downside for 1.6051. Correction from 1.6353 is still in progress and would likely...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3010; (P) 1.3046; (R1) 1.3077; USD/CAD formed a temporary after hitting 1.3081 and intraday bias is turned neutral first. Further rally is expected as long as...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1601; (P) 1.1680; (R1) 1.1721; EUR/USD’s fall from 1.1814 is still in progress and intraday bias remains on the downside for 1.1525 support first. As...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9685; (P) 0.9734; (R1) 0.9822; USD/CHF rises to as high as 0.9782 so far today as rebound from 0.9541 extends. Intraday bias stays on the upside for 0.9866...

The case for bullishness in Dollar continued to build up with yesterday’s rally. The greenback is now the strongest one for the week followed by Sterling. In particular, USD/JPY’s firm...

EUR/JPY Daily OutlookDaily Pivots: (S1) 132.03; (P) 132.56; (R1) 132.91; EUR/JPY’s consolidation from 133.12 extends with another sharp decline today. While deeper pull back could be seen, as...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6113; (P) 1.6185; (R1) 1.6249; Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.6051 will extend the correction from...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1712; (P) 1.1755; (R1) 1.1785; EUR/USD’s decline and break of 1.1723 minor support is the first signal that corrective rise from 1.1300 has completed....

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9620; (P) 0.9661; (R1) 0.9699; USD/CHF dipped notably after hitting 0.9700 but quickly recovered. Intraday bias is turned neutral first. On the upside, above...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7227; (P) 0.7270; (R1) 0.7301; Despite spiking to 0.7314, AUD/USD quickly reversed from there. Subsequent breach of 0.7228 support turned resistance suggests...

Dollar suffered a brief knee-jerk selloff after Fed raised interest rate as widely expected but stopped calling monetary policy as accommodative. But the greenback recovered as the overall...

EUR/JPY Daily OutlookDaily Pivots: (S1) 132.50; (P) 132.80; (R1) 133.24; Intraday bias in EUR/JPY remains neutral for consolidation below 113.12 temporary top. Another fall could be seen. But in that...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6189; (P) 1.6224; (R1) 1.6264; EUR/AU’s sharp fall indicates temporary topping at 1.6252 and intraday bias is turned neutral. On the downside, break of...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1734; (P) 1.1763; (R1) 1.1796; EUR/USD is bounded in tight range of 1.1723/1814 and intraday bias remains neutral. On the downside, break of 1.1723 minor...