ActionForex

Australian Dollar is lifted broadly today after stronger than expected GDP data. But the Aussie quickly pared gains as weighed down by stock market rout in Asia. At the time of writing, Hong Kong HSI...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.56; (P) 128.88; (R1) 129.45; EUR/JPY breached 38.2% retracement of 124.89 to 130.86 at 128.57 but quickly recovered. Intraday bias stays neutral first. On...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6067; (P) 1.6112; (R1) 1.6181; Intraday bias in EUR/AUD remains neutral for consolidation below 1.6171 temporary top. Some consolidations would be seen. But...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1532; (P) 1.1580; (R1) 1.1632; EUR/USD recovered after touching 1.1529 support and intraday bias remains neutral at this point. On the downside, firm break...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9696; (P) 0.9732; (R1) 0.9778; At this point, USD/CHF is limited below 0.9775 minor resistance. Intraday bias stays neutral first. With 0.9775 intact, another...

The forex markets are rather quiet in Asian session today, with the exception of some notable weakness in Canadian Dollar. Euro is so far the weakest one but it’s kept above yesterday’s...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.57; (P) 143.30; (R1) 143.76; GBP/JPY’s breach of 142.81 minor support argues that rebound from 139.88 has completed at 145.67. Intraday bias is back...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7179; (P) 0.7202; (R1) 0.7237; With 4 hour MACD crossed above signal line, a temporary low is in place at 0.7165 in AUD/USD. Intraday bias is turned neutral...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1243; (P) 1.1258; (R1) 1.1277; With 4 hour MACD crossed above signal line, a temporary low is in place at 1.1236 after breaching 1.1242 support. Intraday bias...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2839; (P) 1.2889; (R1) 1.2922; Focus in GBP/USD remains on 1.2844 support. Firm break there will confirm completion of the corrective rebound from 1.2661. In...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.90; (P) 111.04; (R1) 111.25; Intraday bias in USD/JPY remains neutral at this point and outlook is unchanged. While deeper pull cannot be ruled out,...

Sterling opens the weak broadly lower and stays soft after EU chief Brexit negotiator Michel Barnier said he “strongly opposed” to UK’s impractical plan. The Pound has been sensitive...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6065; (P) 1.6115; (R1) 1.6180; EUR/AUD is losing some upside momentum as seen in 4 hour MACD. But further rise is still expected as long as 1.5983 minor...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7156; (P) 0.7213; (R1) 0.7249; AUD/USD dipped to 0.7165 earlier today but recovered. For now, intraday bias stays on the downside as long as 0.7235 minor...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1562; (P) 1.1626; (R1) 1.1667; Intraday bias in EUR/USD remains neutral at this point. As long as 1.1529 minor support holds, another rise cannot be ruled...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9658; (P) 0.9683; (R1) 0.9713; Intraday bias in USD/CHF remains neutral for consolidation above 0.9651 temporary low. Upside of recovery should be limited by...