ActionForex

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3131; (P) 1.3156; (R1) 1.3197; With 4 hour MACD crossed above signal line, intraday bias in USD/CAD is turned neutral first. For now, the correction from...

Yen and Dollar are trading as the strongest ones for today and the week, as boosted by treasury yields. In particular, the Yen shrugs off strong risk appetite in Asia, as led by Chines stock markets....

Yen trade broadly higher today as boosted by the steep rally in 10 year JGB yield. That also sends Nikkei sharply lower as it’s down -333 pts or -1.47% at the time of writing. Other Asian...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.39; (P) 130.80; (R1) 131.06; EUR/JPY’s fall from 131.97 extends today but it’s still held above 129.90 support. Intraday bias remains neutral...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5757; (P) 1.5825; (R1) 1.5868; Intraday bias in EUR/AUD remains neutral at this point. Rise from 1.5271 is likely still in progress. ON the upside, break of...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7347; (P) 0.7389; (R1) 0.7461; Outlook in AUD/USD is unchanged. Consolidation from 0.7309 is still in progress. Above 0.7483 will bring stronger rebound. But...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1652; (P) 1.1696 (R1) 1.1766; EUR/USD is staying in consolidation from 1.1509 and outlook is unchanged. Further rise cannot be ruled out. But upside should be...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9888; (P) 0.9950; (R1) 0.9987; USD/CHF’s fall fro 1.0067 is still in progress and intraday bias stays mildly on the downside for 0.9856 support first....

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3187; (P) 1.3240; (R1) 1.3320; Intraday bias in USD/CAD remains on the upside for 1.3385 resistance. Decisive break there would resume larger rally from...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2953; (P) 1.3019; (R1) 1.3079; Intraday bias in GBP/USD remains on the downside with 1.3082 minor resistance intact. Current fall should target 61.8%...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.94; (P) 112.58; (R1) 113.10; The break of 112.21 minor support suggests short term topping at 113.17, on bearish divergence condition in 4 hour MACD....

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.63; (P) 131.03; (R1) 131.35; Intraday bias in EUR/JPY remains neutral for consolidation below 131.97 temporary top. Outlook is unchanged that as long as...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5703; (P) 1.5780; (R1) 1.5902; EUR/AUD drew strong support from 38.2% retracement of 1.5271 to 1.5886 at 1.5651 and rebounded. Despite a breach of 1.5886...

Australian Dollar jumps broadly today after much stronger than expected job data. But upside against Dollar is capped so far. After all, RBA is clear that it’s next move is likely a hike, yet...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.89; (P) 131.34; (R1) 131.79; Intraday bias in EUR/JPY remains neutral at this point. As long as 129.90 minor support holds, further rise is still in favor....

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8876; (P) 0.8904; (R1) 0.8935; Intraday bias in EUR/GBP remains on the upside for the momentum. The rise from 0.8620 is in progress for 0.8967 cluster...