ActionForex

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7068; (P) 0.7136; (R1) 0.7175; Intraday bias in AUD/USD remains on the downside at this point. Current down trend should target 161.8% projection of 0.7452 to...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1519; (P) 1.1584; (R1) 1.1619; Intraday bias in EUR/USD remains neutral at this point, with focus on 1.1529 support. Break there will indicate completion of...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9655; (P) 0.9678; (R1) 0.9714; Intraday bias in USD/CHF remains neutral at this point, after recovering from 0.9640. As long as 0.9766 resistance holds,...

Yen opened the week mildly higher as Asian markets are generally soft on risk aversion, after Trump warned of tariffs on additional USD 267B in Chinese imports on Friday. However, Nikkei is rather...

Australian and New Zealand Dollar suffered heavy selling today as risk aversion weighs. Major Asian indices are all in red on trade war worries and selling is intensifying into mid-Asian session....

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.64; (P) 143.45; (R1) 143.95; Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 145.67 will target 38.2% retracement of 156.59...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6112; (P) 1.6167; (R1) 1.6205; EUR/AUD’s rally continues today and reaches as high as 1.6288 so far. Intraday bias remains on the upside. Current rally...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2894; (P) 1.2928; (R1) 1.2960; No change in GBP/USD’s outlook. Intraday bias stays on the upside for 1.3042 resistance. Break there will resume the...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7172; (P) 0.7192; (R1) 0.7217; As long as 0.7234 minor resistance holds, further decline is expected in AUD/USD. Next target is 100% projection of 0.7452 to...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9626; (P) 0.9676; (R1) 0.9701; USD/CHF’s breach of 0.9651 suggests that the fall from 1.0067 is resuming. Intraday bias is back on the downside....

After sharp volatility overnight, the forex markets relatively calm in Asian session. Australian Dollar is trading as the weakest one so far with larger than expected trade surplus providing no...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.88; (P) 129.43; (R1) 130.27; EUR/JPY lacks a clear direction for the moment as it dipped to 128.31 but then quickly recovered with weak upside momentum....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6089; (P) 1.6146; (R1) 1.6221 EUR/AUD’s rally resumed after brief consolidation and reaches as high as 1.6220 so far. Intraday bias is back on the...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3157; (P) 1.3182; (R1) 1.3206; USD/CAD is losing some upside momentum as seen in 4 hour MACD. But with 1.3134 minor support intact, intraday bias stays on...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.35; (P) 111.56; (R1) 111.74; Intraday bias in USD/JPY stays neutral and range trading continues inside 110.68/111.82. On the upside, break of 111.82 will...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1569; (P) 1.1603; (R1) 1.1664; Intraday bias in EUR/USD remains mildly on the upside for 1.1733 and possibly above. But still, we’d still expect strong...