ActionForex

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3221; (P) 1.3275; (R1) 1.3325; GBP/USD is staying in tight range of 1.3189/3362 and intraday bias stays neutral for the moment. On the downside, break of...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.78; (P) 111.07; (R1) 111.33; USD/JPY fails to break 111.39 resistance so far despite rally attempt and retreated. Intraday bias is turned neutral first. On...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7433; (P) 0.7458; (R1) 0.7487; AUD/USD’s decline and break of 0.7414 minor support suggests that the corrective recovery from 0.7309 has completed at...

Yen and Dollar are both strong as the US announced to move on with 10% tariffs on another USD 200B in Chinese imports. That could come into effect as soon as in September. Asian Markets are broadly in...

Strong risk appetite is keeping the Japanese Yen broadly weak this week. DOW jumped as impressive 302.11 pts or 1.31% to close at 24776.59, turned positive for 2018. S&P 500 followed by rising...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.23; (P) 146.93; (R1) 147.64; GBP/JPY retreated sharply ahead of 148.10 resistance. But downside is contained well above 145.17 minor support. Intraday bias...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5700; (P) 1.5761; (R1) 1.5800; EUR/AUD’s consolidation from 1.5886 is still in progress and outlook is unchanged. Intraday bias stays neutral and...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7434; (P) 0.7459; (R1) 0.7490; AUD/USD’s rebound form 0.7309 short term bottom is still in progress and intraday bias stays on the upside for 55 day EMA...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.49; (P) 110.70; (R1) 111.05; USD/JPY drew strong support from 4 hour 55 EMA and rebounds sharply. Focus is turned back to 111.13 minor resistance. Break...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1724; (P) 1.1758 (R1) 1.1783; EUR/USD lost momentum after hitting 1.1790, with 4 hour MACD dropped below signal line. Intraday bias is turned neutral first....

Yen trades broadly lower today, followed by Dollar, as Asian markets recovered broadly. China’s Shanghai SSE (LON:SSE) composite leads the way by gaining 1.9% and breaches 2800 handle. It looks...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.34; (P) 129.66; (R1) 130.07; EUR/JPY’s rebound continues today and edges higher to 130.16 so far. Focus stays on 130.33 resistance. Decisive break...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5770; (P) 1.5810; (R1) 1.5854; EUR/AUD is staying in range below 1.5886 and intraday bias remains neutral. Further rise is expected with 1.5696 minor support...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1692; (P) 1.1730 (R1) 1.1781; EUR/USD’s rebound extends today and intraday bias stays mildly on the upside. While further rally could be seen, upside...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9875; (P) 0.9910; (R1) 0.9935; USD/CHF dips to as low as 0.9869 so today and focus is on 0.9855 support. Break there will extend the corrective pattern from...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7387; (P) 0.7416; (R1) 0.7456; Intraday bias in AUD/USD remains on the upside as rebound from 0.7309 short term bottom continues. Further rally could be seen...