ActionForex

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1652; (P) 1.1721 (R1) 1.1766; Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.2555 would target 50% retracement of...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.44; (P) 110.19; (R1) 110.83; USD/JPY’s decline from 111.39 extends to as low as 109.32 so far and there is no sign of bottoming yet. Intraday bias...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.59; (P) 147.31; (R1) 148.68; A temporary low is in place at 145.93 after breaching 147.04 resistance. Intraday bias in GBP/JPY is turned neutral first, for...

Yen strengthens broadly today and remains the strongest one for the week. New wave of risk aversion trades was triggered by news that US President Donald Trump is using national security as excuse...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2761; (P) 1.2795; (R1) 1.2852; Intraday bias in USD/CAD remains neutral as it’s staying in range of 1.2728/2996. No change in our view that price...

GBP/USD Daily Outlook.Daily Pivots: (S1) 1.3398; (P) 1.3445; (R1) 1.3478; GBP/USD’s fall resumed after brief consolidation and reaches as low as 1.3374 so far. Intraday bias is back on the...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.73; (P) 110.96; (R1) 111.13; USD/JPY drops sharply to as low as 110.52 so far today but it’s staying above 110.02 resistance turned support so far....

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8756; (P) 0.8773; (R1) 0.8789; Intraday bias in EUR/GBP remains neutral with mixed near term outlook. On the downside, break of 0.8679 support should confirm...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.36; (P) 130.85; (R1) 131.12; EUR/JPY’s is staying in range of 129.22/131.36 and intraday bias remains neutral first. With 131.36 resistance intact,...

Yen surges broadly today and is trading as the strongest one, followed by Swiss Franc. On the other hand, Canadian, Australian and New Zealand Dollar are under heavy selling pressure. The boost from...

Global markets are blessed by strong risk appetite this week so far. DOW closed up 298.2 pts or 1.21% at 25013.29. S&P 500 also gained 0.74% while NASDAQ jumped 0.54%. FTSE jumped to record high...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5500; (P) 1.5583; (R1) 1.5634; EUR/AUD’s decline accelerates to as low as 1.5487 so far and intraday bias remains on the upside. Prior break of 1.5621...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1721; (P) 1.1743; (R1) 1.1781; A temporary low is formed at 1.1705 in EUR/CHF with the current recovery. Intraday bias is turned neutral for consolidations....

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9961; (P) 0.9981; (R1) 0.9994; . Intraday bias in USD/CHF remains neutral as consolidation from 1.0056 continues. Deeper pull back could be seen. But...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2743; (P) 1.2820; (R1) 1.2865; USD/CAD is still bounded in range of 1.2728/2996 and intraday bias remains neutral first. At this point, we’re still...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2743; (P) 1.2820; (R1) 1.2865; USD/CAD is still bounded in range of 1.2728/2996 and intraday bias remains neutral first. At this point, we’re still...