ActionForex

Yen remains generally firm today with help from strength in JGB yields. 10 year JGB yields hit as high as 0.113 and is now hovering at around 0.10. Nonetheless, Yen is outperformed by Canadian Dollar,...

While it appeared that there was a breakthrough in EU-US trade negotiation, the news provide no lift to Dollar nor Euro. Both are trading mixed in Asian session. Indeed, Dollar is the weakest one for...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.62; (P) 129.94; (R1) 130.48; Despite losing downside momentum as seen in 4 hour MACD, deeper fall is expected with 130.86 minor resistance intact. As noted...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5686; (P) 1.5747; (R1) 1.5793; No change in EUR/AUD’s outlook as consolidation from 1.5886 is in progress. Intraday bias remains neutral at this point....

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1682; (P) 1.1711 (R1) 1.1758; EUR/USD is staying in range above 1.1507/9 and intraday bias remains neutral at this point. Stronger recovery cannot be ruled...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9899; (P) 0.9925; (R1) 0.9942; Intraday bias in USD/CHF remains neutral as it’s bounded in range above 0.9900 temporary low. For now, with 0.9957 minor...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7408; (P) 0.7437; (R1) 0.7482; AUD?USD is staying in range of 0.7309/7483 and intraday bias remains neutral. Consolidation from 0.7309 could extend further....

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.64; (P) 130.01; (R1) 130.28; Intraday bias in EUR/JPY remains mildly on the downside for 127.13 support. The rebound from 124.61 could have completed at...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5705; (P) 1.5789; (R1) 1.5833; No change in EUR/AUD’s outlook as consolidation from 1.5886 is in progress. Intraday bias stays neutral, and with 1.5651...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3131; (P) 1.3156; (R1) 1.3197; Intraday bias in USD/CAD remains neutral first. The corrective fall from 1.3385 is still mildly in favor to continue lower....

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7373; (P) 0.7403; (R1) 0.7447; AUD/USD continues to gyrate in range of 0.7309/7483 as consolidation extends. Intraday bias stays neutral and outlook is...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3089; (P) 1.3125; (R1) 1.3177; No change in GBP/USD’s outlook as corrective pattern from 1.2956 is extending. Intraday bias remains neutral. Stronger...

Sterling appears to be lifted by the news that UK Prime Minister Theresa May has taken over Brexit negotiation. That raised the chance of some speedier conclusions as well as more unified position, as...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.78; (P) 130.27; (R1) 130.67; EUR/JPY’s break of 129.90 argues that rise from 124.61 has completed at 131.97 already, on bearish divergence condition...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5757; (P) 1.5825; (R1) 1.5868; Intraday bias in EUR/AUD remains neutral for the moment. With 1.5651 minor support intact, rise from 1.5271 is likely still in...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1664; (P) 1.1708 (R1) 1.1734; Intraday bias in EUR/USD remains neutral and outlook is unchanged. Consolidation from 1.1509 could extend and stronger rise...