ActionForex

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9967; (P) 1.0001; (R1) 1.0025; USD/CHF cannot break through 1.0067 resistance and retreated. Intraday bias is turned neutral again. On the upside, break of...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3133; (P) 1.3196; (R1) 1.3232; USD/CAD lost upside momentum again after hitting 1.3258 and intraday bias is turned neutral. We’d holding on to the...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.38; (P) 131.69; (R1) 131.93; EUR/JPY is losing upside momentum as seen in 4 hour MACD. But further rise is expected as long as 129.90 minor support holds....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5748; (P) 1.5789; (R1) 1.5824; EUR/AUD is staying in range of 1.5696/5886 and intraday bias remains neutral. Further rise is expected for the moment and break...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3130; (P) 1.3174; (R1) 1.3238; Intraday bias in USD/CAD stays neutral first. Outlook is unchanged that pull back from 1.3385 should have completed at 1.3063...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1625; (P) 1.1685 (R1) 1.1721; Intraday bias in EUR/USD remains neutral as it’s staying in converging range. On the downside, below 1.1612 will argue...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9951; (P) 0.9977; (R1) 1.0026; USD/CHF’s pull back from 1.0067 to 0.9926 was much deeper than expected. But subsequent quick and strong rebound saved...

Dollar is staying firm in Asian session today after overnight rally. Markets received Fed Chair Jerome Powell’s composed and balance testimony rather well. And he basically affirmed that Fed in...

Commodity currencies trade generally higher today. New Zealand Dollar leads the way following improvement in RBNZ’s own preferred core inflation measures. Australian Dollar is also firm after...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8824; (P) 0.8840; (R1) 0.8863; Intraday bias in EUR/GBP remains neutral for range trading below 0.8910. As long as 0.8808 minor support holds, further rise...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1655; (P) 1.1687; (R1) 1.1704; Intraday bias in EUR/CHF is turned neutral with the retreat from 1.1713 temporary top. Another rise could still be seen to...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3204; (P) 1.3248; (R1) 1.3280; Intraday bias in GBP/USD stays mildly on the upside. Consolidation from 1.3048 is still in progress with another leg to...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.15; (P) 112.35; (R1) 112.49; Intraday bias in USD/JPY stays neutral as consolidation from 112.79 temporary top is in progress. Deeper retreat could be...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7406; (P) 0.7424; (R1) 0.7440; AUD/USD strengthens mildly today but stays in range of 0.7359/7483. Intraday bias remains neutral first. Outlook is unchanged...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8813; (P) 0.8841; (R1) 0.8856; Intraday bias in EUR/GBP remains neutral for the moment. As long as 0.8808 minor support holds, further rise is mildly in...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7387; (P) 0.7406; (R1) 0.7444; Intraday bias in AUD/USD remains neutral first. The consolidation from 0.7309 could extend further and stronger recovery cannot...