ActionForex

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7260; (P) 0.7321; (R1) 0.7355; Intraday bias in AUD?USD remains on the downside for the moment. Current down trend from 0.8135 should extend to 61.8%...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1352; (P) 1.1445 (R1) 1.1502; Intraday bias in EUR/USD remains on the downside for the moment. Down trend from 1.2555 is in progress and target 61.8%...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9925; (P) 0.9950; (R1) 0.9979; Intraday bias in USD/CHF remains neutral as it’s staying in tight range of 0.9894/9984. On the upside, above 0.9984 will...

Turkish Lira continues to be the dominant theme in the financial markets today. The efforts by the government seemed to have calmed the markets a bit, in particular after CBRT’s announcements....

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.72; (P) 128.36; (R1) 128.70; EUR/JPY drops to as low as 126.80 so far as the fall from 131.79 resumed after brief consolidation. The break of 127.13...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5593; (P) 1.5627; (R1) 1.5668; EUR/AUD recovers further today but struggles to stay above 4 hour 55 EMA (now at 1.5677) 1.5677 so far. Intraday bias remains...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7347; (P) 0.7400; (R1) 0.7427; AUD/USD drops to as low as 0.7279 so far today. The break of 0.7309 confirms resumption of whole decline from 0.8135. Intraday...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.80; (P) 110.99; (R1) 111.28; USD/JPY is staying in range of 110.58/112.14. Intraday bias remains neutral first. As noted before, the corrective fall from...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2793; (P) 1.2852; (R1) 1.2884; GBP/USD’s decline extends to as low as 1.2773 so far. 100% projection of 1.3362 to 1.2956 from 1.3212 at 1.2806 is...

The focus in the forex market shifts just before weekly close. Selloff in Euro has clearly intensified, in particular with EUR/USD finally breaking through 1.5 support level. The development also...

New Zealand Dollar is clearly the biggest loser today after more dovish than expected RBNZ rate decision. Sterling is following as the second weakest, continues to be weighed down by no-deal Brexit...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.43; (P) 128.94; (R1) 129.33; Intraday bias in EUR/JPY remains neutral at this point. Overall, we’re holding on to the view that corrective rebound...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5592; (P) 1.5634; (R1) 1.5661; Intraday bias in EUR/AUD remains neutral for consolidation above 1.5578 temporary low. Upside of recovery should be limited 4...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2979; (P) 1.3050; (R1) 1.3092; USD/CAD drops sharply after hitting 1.3119 and intraday bias is turned neutral first. Still, we’re holding on to the...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.71; (P) 111.07; (R1) 111.32; Intraday bias in USD/JPY stays neutral as it’s bounded in range of 110.58/112.14. The corrective decline from 113.17...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1579; (P) 1.1604 (R1) 1.1634; At this point, EUR/USD is staying in consolidation from 1.1509. Further rise cannot be ruled out as the consolidation extends....