ActionForex

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7551; (P) 0.7588; (R1) 0.7611; Despite some jittery, AUD/USD’s fall from 0.7676 is still in progress and intraday bias remains on the downside. As noted...

Dollar is generally staying in familiar range, except versus Japanese Yen as markets await FOMC rate decision today. The federal funds rate is expected to be lifted by 25bps to 1.75-2.00%. There is...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8757; (P) 0.8796; (R1) 0.8821; Intraday bias in EUR/GBP remains neutral as it’s stuck in rage of 0.8693/8844. Another rise is expected as long as 0.8693...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1570; (P) 1.1599; (R1) 1.1618; Intraday bias in EUR/CHF stays neutral for the moment. And, with 1.1536 minor support intact, further rise is mildly in favor...

EUR/JPY Daily OutlookEUR/JPY rebounds further today but it’s staying below 130.26. Intraday bias remains neutral first. On the upside, above 130.26 will resume the rebound form 124.61 and target...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5468; (P) 1.5498; (R1) 1.5514; EUR/AUD lost upside momentum after hitting 1.5556 and intraday bias is turned neutral first. Corrective rise from 1.5271 could...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2948; (P) 1.2988; (R1) 1.3021; USD/CAD is staying in range of 1.2817/3066 and intraday bias remains neutral first. As long as 1.2817 minor support holds,...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1762; (P) 1.1792 (R1) 1.1815; Intraday bias in EUR/USD remains neutral as it’s staying in tight range below 1.1839. With 1.1713 intact, rise from 1.1509...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9836; (P) 0.9855; (R1) 0.9872; USD/CHF is staying in tight range above 0.9787 and intraday bias stays neutral first. With 0.9911 minor resistance intact,...

The financial markets are steadily optimistic so far this week and that can be reflected in the rebound in German bund yield and US 10 year yield. Yen is trading broadly lower today, followed by the...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.10; (P) 128.92; (R1) 129.72; EUR/JPY rebound strongly today but stays below 130.26. Intraday bias remains neutral for the moment. ON the upside, above...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5380; (P) 1.5447; (R1) 1.5542; Intraday bias in EUR/AUD remains mildly on the upside as rebound from 1.5271 is in progress, for 55 day EMA (now at 1.5664)....

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2892; (P) 1.2960; (R1) 1.3000; Intraday bias in USD/CAD remains neutral at this point. As long as 1.2817 minor support holds, near term outlook remains...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.20; (P) 109.53; (R1) 109.87; With the current strong rebound, intraday bias in USD/JPY is turned neutral, with focus back on 110.26 resistance. Break there...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3364; (P) 1.3402; (R1) 1.3448; Intraday bias in GBP/USD remains neutral at this point. The corrective rebound from 1.3203 could extend higher. But upside...

Asian markets open the week rather firmly, shrugging of the Trump triggered chaos in G7 leaders meeting over the weekend. At the time of writing, Nikkei is trading up nearly 0.6% while HK HSI is up...