ActionForex

EUR/JPY Daily OutlookDaily Pivots: (S1) 1.5854; (P) 1.5881; (R1) 1.5923; EUR/JPY’s rally extends to as high as 130.04 so far and intraday bias stays on the upside. Current rally from 124.89...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.9035; (P) 0.9051; (R1) 0.9074; EUR/GBP’s rally extends to as high as 0.9073 so far today. Intraday bias remains on the upside for the moment. Sustained...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2924; (P) 1.2996; (R1) 1.3039; USD/CAD’s fall from 1.3385 resumed by taking out 1.2961 support. More importantly, the break of medium term channel...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7316; (P) 0.7337; (R1) 0.7366; AUD/USD is staying in range of 0.7237/7381 and intraday bias remains neutral. More consolidation is likely in near term. In...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2847; (P) 1.2875; (R1) 1.2920; GBP/USD is still bounded in range of 1.2798/2935 and intraday bias remains neutral first. As noted before, as long as 1.2956...

Dollar selloff continues today as full-blown trade war fear receded. Yen follows as the second weakest on return of global risk appetite. Euro’s strongest pace was overtaken by Swiss Franc and...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.64; (P) 129.03; (R1) 129.70; No change in EUR?JPY’s outlook. As long as 127.88 minor support holds, further rally is expected in EUR/JPY to resistance...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2992; (P) 1.3048; (R1) 1.3085; Intraday bias in USD/CAD remains neutral at this point. As long as medium term channel support holds (now at 1.2986),...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9808; (P) 0.9837; (R1) 0.9863; Intraday bias in USD/CHF remains neutral for consolidation above 0.9807 temporary low. But with 0.9889 minor resistance intact,...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1560; (P) 1.1599; (R1) 1.1664; Intraday bias in EUR/USD remains on the upside with 1.1529 minor support intact. Rebound from 1.1300 is in favor to extend to...

Risk appetite was rather strong in Asian session today. Nikkei closed up 0.88% at 22799.64. At the time of writing, Hong Kong HSI is up 2.05%, China Shanghai SSE (LON:SSE) is up 1.70% and Singapore...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.00; (P) 128.39; (R1) 128.85; EUR/JPY’s rebound from 146.89 extends higher to 128.69 so far and met 55 day EMA already. Intraday bias stays on the...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8976; (P) 0.9001; (R1) 0.9031; EUR/GBP rises to as high as 0.9026 but it’s still limited below 0.9030 resistance. Intraday bias remains neutral at this...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1514; (P) 1.1558; (R1) 1.1585; EUR/USD is staying in tight range below 1.1622 and intraday bias stays neutral. With 1.1493 minor support intact, further rise...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3016; (P) 1.3058; (R1) 1.3123; USD/CAD’s breach of 1.3091 suggests minor resistance suggests that fall from 1.3173 is possibly completed at 1.2986...

Australia Dollar recovers broadly today as markets cheered Scott Morrison’s win in the Liberal Party’s leadership challenge. But upside is so far limited. New Zealand Dollar is trading as...