ActionForex

Dollar surged broadly as boosted by rally in US Treasury yield. 10 year yield hit as high as 3.90 overnight, the highest level since 2011, before settling at 3.08. While the greenback is strong,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.03; (P) 148.55; (R1) 149.15; GBP/JPY is still bounded in range of 147.04/149.29 and intraday bias remains neutral. Consolidation from 147.04 temporary low...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5813; (P) 1.5852; (R1) 1.5879; EUR/AUD was rejected by 4 hour 55 EMA again but it’s staying above 1.5774 temporary low. Intraday bias remains neutral...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7434; (P) 0.7486; (R1) 0.7525; Despite sharp decline from 0.7566, AUD/USD is holding above 0.7411 short term bottom. Intraday bias remains neutral first. More...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.84; (P) 110.15; (R1) 110.66; Intraday bias in USD/JPY remains on the upside for the moment. Current rise from 104.62 is in progress for 61.8% retracement of...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3435; (P) 1.3524; (R1) 1.3598; GBP/USD breached 1.3459 but cannot break through 1.3448 fibonacci level and recovered. Though, decline from 1.4376 is...

Dollar’s corrective pull back yesterday was rather brief and shallow. EUR/USD reached 1.1995 but failed to break through 1.2 handle. It’s now back at 1.1930. USD/CHF breached parity...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.39; (P) 130.88; (R1) 131.27; With 129.99 minor support intact, EUR/JPY’s rebound from 129.22 could extend higher, possibly to 55 day EMA (now at...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5815; (P) 1.5850; (R1) 1.5886; Intraday bias in EUR/AUD remains neutral at this point. Consolidation pattern from 1.6189 is till unfolding. Deeper decline...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2762; (P) 1.2793; (R1) 1.2843; USD/CAD recovered after dipping to 1.2728 and intraday bias is turned neutral first. At this point, we continue to favor the...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.33; (P) 109.50; (R1) 109.82; USD/JPY drew support from 4 hour 55 EMA again and recovered. But it’s staying below 110.02 short term top and intraday...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3523; (P) 1.3566; (R1) 1.3598; GBP/USD continues to be bounded in right range of 1.3459/3617 and intraday bias remains neutral. More consolidations could be...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5781; (P) 1.5816; (R1) 1.5855; EUR/AUD recovers ahead of 1.5773 support and intraday bias is turned neutral first. Consolidation pattern from 1.6189 could...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7519; (P) 0.7543; (R1) 0.7563; Intraday bias in AUD/USD remains mildly on the upside as rebound from 0.7411 short term bottom is in progress. Further rally...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1897; (P) 1.1932 (R1) 1.1974; EUR/USD’s rebound from 1.1822 short term bottom extends higher today. Intraday bias remains on the upside for 38.2%...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9968; (P) 1.0004; (R1) 1.0032; Intraday bias in USD/CHF remains mildly on the downside as correction from 1.0056 short term top would extend. Break of 4 hour...