ActionForex

Euro trades broadly higher in Asian session today, except versus New Zealand Dollar. The common currency is extending this week’s powerful rebound. Meanwhile, Canadian Dollar is trading as the...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2985; (P) 1.3030; (R1) 1.3100; USD/CAD’s break of 1.3039 minor resistance argues that correction from 1.3385 could have completed with three waves down...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.09; (P) 111.28; (R1) 111.58; Intraday bias in USD/JPY is staying neutral for the moment. The corrective decline from 113.17 could extend lower through...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2917; (P) 1.2945; (R1) 1.2968; Despite diminishing downside momentum as seen in 4 hour MACD, intraday bias in GBP/USD remains on the downside with 1.2998...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.76; (P) 129.00; (R1) 129.41; Despite a rather strong rebound, upside was limited below 129.25 minor resistance. Intraday bias in EUR/JPY stays neutral...

The forex markets are rather steady in Asian session today. Dollar is paring some gains and trades slightly lower. But it remains the strongest one for the week together with Canadian Dollar. New...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8898; (P) 0.8918; (R1) 0.8946; EUR/GBP is still bounded in consolidation from 0.8957 and intraday bias stays neutral. Overall as long as 0.8815 support holds,...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1491; (P) 1.1510; (R1) 1.1533; A temporary low in formed at 1.14879 in EUR/CHF and intraday bias is turned neutral for some consolidation. But upside of...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2904; (P) 1.2960; (R1) 1.2999; For now, intraday bias in GBP/USD remains mildly on the downside. The down trend from 1.4376 has just resumed and should...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.19; (P) 111.37; (R1) 111.60; Intraday bias in USD/JPY remains neutral at this point and outlook is unchanged. Corrective fall from 113.17 could extend...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7373; (P) 0.7390; (R1) 0.7405; AUD/USD is still bounded in consolidation from 0.7309. Intraday bias remains neutral and more sideway trading could be seen. On...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.28; (P) 144.92; (R1) 145.32; Intraday bias in GBP/JPY remains on the downside as this point. The consolidation pattern from 143.18 should have completed...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1485; (P) 1.1515; (R1) 1.1532; Intraday bias in EUR/CHF remains on the downside as fall from 1.1713 is in progress for 1.1478 support. Break there will...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2959; (P) 1.2999; (R1) 1.3031; While downside momentum is diminishing as seen in 4 hour MACD, deeper fall cannot be ruled out yet. Still, we’d continue...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9922; (P) 0.9944; (R1) 0.9967; Intraday bias in USD/CHF remains neutral at this point, with focus on 0.9977 resistance. . On the upside, break of 0.9977 will...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1549; (P) 1.1580 (R1) 1.1599; Intraday bias in EUR/USD remains cautiously on the downside for the moment. Prior break of 1.1574 minor support is tentatively...