ActionForex

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5475; (P) 1.5551; (R1) 1.5680; EUR/AUD’s rebound from 1.5346 accelerates higher today and focus is back on 1.5781 resistance. Decisive break there will...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9959; (P) 0.9984; (R1) 1.0001; USD/CHF is still staying in consolidation in range of 0.9908/1.0006. Intraday bias remains neutral first. On the upside, break...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2670; (P) 1.2735; (R1) 1.2797; Intraday bias in GBP/USD remains neutral at this point. On the downside, sustained break of 1.2661 low will resume larger down...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3273; (P) 1.3336; (R1) 1.3420; Intraday bias in USD/CAD remains on the upside with focus on 1.3385 resistance. Decisive break there will confirm resumption...

Risk aversion intensifies in Asian session again. In particular, Hong Kong stocks lead the decline on news of arrest of Chinese tech giant Huawei’s CFO Meng Wanzhou. The arrest is reported to be...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.35; (P) 128.19; (R1) 128.78; EUR/JPY’s breach of 127.83 minor support suggests that fall from 130.14 might be ready to resume. Intraday bias is turned...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5415; (P) 1.5441; (R1) 1.5480; . EUR/AUD rebounded after hitting 1.5346, ahead of 1.5271/5313 cluster support zone. Intraday bias is turned neutral first....

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1300; (P) 1.1361; (R1) 1.1403; No change in EUR/USD’s outlook as it’s staying in range of 1.1267/1472. Intraday bias remains for now. As long as...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9939; (P) 0.9965; (R1) 1.0000; USD/CHF recovers again but it’s still staying below 1.0006 minor resistance. Intraday bias remains neutral first. On the...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3196; (P) 1.3232; (R1) 1.3301; USD/CAD rebounded strongly after hitting 1.3160, ahead of 38.2% retracement of 1.2781 to 1.3359 at 1.3138. But upside is...

The US stock markets closed sharply lower overnight while treasury yields also dived. Such patterns continue in Asia, seeing major indices pressured while JGB year yields also drop. There are clear...

Yen jumps broadly today as Asian stocks weaken, moving past the positive catalyst of US-China trade truce quickly. Nikkei closed down -2.39%, more than enough to reverse Monday’s 1.00% gain....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5369; (P) 1.5407; (R1) 1.5468; EUR/AUD recovers mildly but intraday bias on the downside with 1.5505 minor resistance intact. Deeper decline should be seen to...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3148; (P) 1.3209; (R1) 1.3259; Intraday bias in USD/CAD remains on the downside for the moment. Rise from 1.2781 should have completed at 1.3359, ahead of...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2674; (P) 1.2749; (R1) 1.2800; As long as 1.2824 minor resistance holds, further decline is expected in GBP/USD. Break of 1.2692 will target 1.2661 low....

USD/JPY Daily OutlookDaily Pivots: (S1) 113.40; (P) 113.61; (R1) 113.86; USD/JPY’s break of 113.18 minor support suggests resumption of fall from 114.03. Intraday bias is turned back to the...