ActionForex

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3141; (P) 1.3185; (R1) 1.3230; A temporary low is formed at 1.3128 in USD/CAD with 4 hour MACD crossed above signal line. Intraday bias is turned neutral...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.11 (P) 145.81; (R1) 146.43; Intraday bias in GBP/JPY stays neutral as range trading continues. On the upside, break of 146.63 will target a test on 148.10...

After initial selloff, the US markets staged an impressive rebound overnight. DOW hit as low as 24077.56 but reversed to close at 24307.18, up 0.15%. S&P 500 gained 0.31% while NASDAQ rose 0.76%....

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8833; (P) 0.8852; (R1) 0.8876; EUR/GBP is staying in consolidation below 0.8890 temporary top and intraday bias remains neutral. In case of deeper retreat,...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8825; (P) 0.8858; (R1) 0.8879 Intraday bias in EUR/GBP remains neutral for consolidation below 0.8890 temporary top. Downside of retreat should be contained...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.96; (P) 144.33; (R1) 144.86 Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 146.63 will target a test on 148.10 resistance...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3079; (P) 1.3178; (R1) 1.3233 With 1.3258 minor resistance intact, pull back from 1.3385 short term top could extend lower. But for now, , we’d expect...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.39; (P) 110.67; (R1) 110.96 Intraday bias in USD/JPY remains mildly on the upside as rebound from 108.10 is extending. Further rise would be seen for 111.39...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1598; (P) 1.1645 (R1) 1.1730 Intraday bias in EUR/USD remains neutral at hit point. Further recovery could be seen. But upside should be limited by 1.1851...

Dollar strengthens broadly in Asian session, followed by New Zealand Dollar and Japanese yen. On the other hand, Australian Dollar is the weakest, followed by Canadian Dollar and the Euro. But after...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.34; (P) 127.64; (R1) 128.13; EUR/JPY rises sharply higher to 129.14 today but stays well below 130.33 resistance. Intraday bias remains neutral at this...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5700; (P) 1.5745; (R1) 1.5776; Intraday bias in EUR/AUD remains neutral for consolidation below 1.5823 temporary top. Another rise is in favor as long as...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7335; (P) 0.7348; (R1) 0.7368; AUD/USD formed a temporary low at 0.7322 and recovered. But it’s staying below 0.7443 resistance. Intraday bias remains...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.09; (P) 110.38; (R1) 110.80; USD/JPY rises further today but it’s still staying below 110.89 resistance. Intraday bias remains neutral for the...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3043; (P) 1.3085; (R1) 1.3119; Intraday bias in GBP/USD remains on the downside. Current fall from 1.4376 should target 61.8% retracement of 1.1946 to 1.4376...

Euro surges broadly today as traders cheer the agreement by EU leaders on migration. Australian Dollar follows as the second strongest as Chinese stocks lead a strong rebound in Asian equities. At the...