ActionForex

Canadian Dollar surged broadly last week following the rally in oil prices. Weaker than expected employment capped the Loonie’s gain, but it ended as the strongest still. Sterling survived BoE...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5785; (P) 1.5843; (R1) 1.5874; EUR/AUD’s decline from 1.6139 resumed by taking out 1.5837 and reaches as low as 1.5774 so far. Intraday bias is back on...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.93; (P) 130.34; (R1) 130.76; EUR/JPY’s consolidation from 129.22 is still in progress and intraday bias remains neutral first. As long as 4 hour 55...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7423; (P) 0.7448; (R1) 0.7483; Intraday bias in AUD/USD remains neutral for consolidation above 0.7411 temporary low. As long as 0.7559 minor resistance...

USD/JPY Daily OutlookDaily Pivots: (S1) 108.85; (P) 109.10; (R1) 109.38; USD/JPY is staying in consolidation below 110.02 short term top. Intraday bias remains neutral. Deeper pull back cannot be...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1856; (P) 1.1901 (R1) 1.1960; With a short term bottom formed at 1.1822, further rebound is in favor in EUR/USD for 4 hour 55 EMA (now at 1.1962) and above....

The post CPI selloff in Dollar was relatively shallow and the greenback is regaining some footing today. Similar Sterling stays week after post BoE selling, but loss is so far limited. On the other...

Dollar, Sterling and Canadian Dollar remain the strongest three for the week. But is should be noted that the reasons behind the strength are different. The greenback continued to draw support from...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.43; (P) 129.96; (R1) 130.57; Intraday bias in EUR/JPY stays neutral for consolidation above 129.22. As long as 4 hour 55 EMA holds (now at 130.81). the...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5854; (P) 1.5908; (R1) 1.5940; EUR/AUD dips notably after failing to break through 1.5966 minor resistance. But it’s staying above 1.5837 support and...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7423; (P) 0.7448; (R1) 0.7483; With 0.7559 minor resistance intact, further fall is expected in AUD?USD. Next target is cluster support at 0.7328 (61.8%...

USD/CHF Daily OutlookDaily Pivots: (S1) 1.0018; (P) 1.0036; (R1) 1.0070; Despite diminishing upside momentum, intraday bias in USD/CHF stays on the upside with 0.9982 minor support holds. Current...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1816; (P) 1.1857 (R1) 1.1891; No change in EUR/USD’s outlook. Despite diminishing downside momentum, intraday bias stays on the downside with 1.1938...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.09; (P) 129.60; (R1) 129.98; A temporary low is in place at 129.22 in EUR/JPY and intraday bias is turned neutral. Consolidation should be relatively brief...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5863; (P) 1.5903; (R1) 1.5956; Intraday bias in EUR/AUD remains neutral at this point. Price actions from 1.6189 are forming a corrective pattern. Below...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2847; (P) 1.2872; (R1) 1.2907; Intraday bias in USD/CAD remains on the upside as rise from 1.2526 is in progress for retesting 1.3124 key resistance. Decisive...