ActionForex

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1578; (P) 1.1653 (R1) 1.1700; Intraday bias in EUR/USD remains on the downside. Current fall from 1.2555 is in progress and should target 50% retracement of...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.13; (P) 109.52; (R1) 109.80; USD/JPY weakens again today but near term outlook remains unchanged. We’d continue to expect strong support from 108.82...

Yen is staying strong today and it’s extending recent rally. Falling major European and US treasury yields and risk aversion are the main factors. German 10 yield bun yield closed at 0.353%...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5397; (P) 1.5443; (R1) 1.5482; Near term outlook in EUR/AUD remains bearish with 1.5617 resistance intact. Current fall from 1.6189 should target 1.5153 key...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2898; (P) 1.2945; (R1) 1.3020; At this point, USD/CAD is staying below 1.2996 resistance. Thus, intraday bias remains neutral first. Overall, we’re...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7529; (P) 0.7560; (R1) 0.7578; Intraday bias in AUD/USD remains neutral at this point. On the downside, break of 0.7502 minor support will suggest that the...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9885; (P) 0.9911; (R1) 0.9926; No change in USD/CHF’s outlook. Deeper fall could be seen as correction from 1.0056 extends. But we’d expect strong...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1618; (P) 1.1676 (R1) 1.1707; EUR/USD’s recovery today pulled 4 hour MACD above signal line again. A temporary low is in place and intraday bias is...

Euro rebounds strongly and broadly today as the markets cheer political turmoils in Italy. On the other hand, Swiss Franc and Japanese Yen are trading as the weakest as sentiments improved. There...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.55; (P) 128.21; (R1) 128.71; With 129.05 minor resistance intact, deeper fall is expected in EUR/JPY for 126.61 medium term fibonacci level. We’ll be...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8738; (P) 0.8759; (R1) 0.8779; No change in EUR/GBP’s mixed outlook is it’s still bounded in range of 0.8712/8844. Intraday bias remains neutral...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2788; (P) 1.2856; (R1) 1.2905; Intraday bias in USD/CAD remains neutral as it’s bounded in range of 1.2728/2996. We’d maintain our view that...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3333; (P) 1.3377; (R1) 1.3426; Intraday bias in GBP/USD remains neutral for consolidation above 1.3303. Another rise cannot be ruled out. But upside should be...

USD/JPY Daily OutlookDaily Pivots: (S1) 108.76; (P) 109.44; (R1) 109.92; No change in USD/JPY’s outlook. Price actions from 111.39 is seen as developing into a corrective pattern. We’d...

Markets are rather steady in Asian session today. Major forex pairs and crosses are staying in yesterday’s range. Dollar is a bit firmer entering into European session. But there is no follow...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7527; (P) 0.7555; (R1) 0.7588; Intraday bias in AUD/USD remains neutral at this point. Above 0.7604 will extend the corrective rise from 0.7411. But...