ActionForex

Australian Dollar is back in the driving seat today as GDP beat market expectation. The Aussie is trading as the strongest one for today and for the week. But strength is so far limited as RBA has...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.80; (P) 128.24; (R1) 128.89; No change in EUR/JPY’s outlook. We’d continue to expect strong resistance from 128.94 support turned resistance to...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5233; (P) 1.5335; (R1) 1.5396; Intraday bias in EUR/AUD remains on the downside. Current decline from 1.6189 is in progress for 1.5153 key support level. On...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7584; (P) 0.7625; (R1) 0.7690; For now, intraday bias in AUD/USD stays mildly on the upside. Corrective rebound from 0.9411 could extend higher. But...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1655; (P) 1.1700 (R1) 1.1740; No change in EUR/USD’s outlook. While corrective rise from 1.1509 might extend higher, we’d expect strong resistance...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.50; (P) 109.69; (R1) 110.02; Breach of 109.82 minor resistance suggests that pull back from 111.39 has completed at 108.10 already. ahead of 50% retracement...

Dollar trades broadly higher today as helped by the rebound in US treasury yields. 10 year yield closed up 0.042 at 2.937 overnight. With a base formed at 2.759 last week, TNX will likely head higher...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.16; (P) 127.65; (R1) 128.17; Intraday bias in EUR/JPY stays neutral at the moment. While rebound from 124.61 might extend, upside should be limited by...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8704; (P) 0.8757; (R1) 0.8788; EUR/GBP is staying in range of 0.8679/8844 and intraday bias remains neutral. On the upside, above 0.8808 will target 0.8844...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1611; (P) 1.1665 (R1) 1.1712; Intraday bias in EUR/USD remains neutral as consolidation from 1.1509 is still in progress. Stronger rebound could be seen. But...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9842; (P) 0.9878; (R1) 0.9914; Intraday bias in USD/CHF remains neutral first. On the downside, break of 0.9825 will indicate that fall from 1.0056 is...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2920; (P) 1.2962; (R1) 1.2996; Intraday bias in USD/CAD remains neutral at this point. For now, as long as 1.2728 support holds, we’ll stay slightly...

Australian dollar opens the week higher as lifted by stronger than expected retail sales today. That’s followed by Euro as the second strongest as European political risks receded. As sentiments...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3265; (P) 1.3306; (R1) 1.3336; GBP/USD’s consolidation from 1.3203 is still in progress and intraday bias remains neutral. Further recovery cannot be...

USD/JPY Daily OutlookDaily Pivots: (S1) 108.46; (P) 108.74; (R1) 109.09; USD/JPY is staying in consolidation above 108.10 temporary low and intraday bias remains neutral first. As long as 109.82 minor...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2851; (P) 1.2922; (R1) 1.3026; Intraday bias in USD/CAD remains neutral at this point. With 1.2728 support intact, we’re holding on to the bullish view...