ActionForex

USD/JPY Daily OutlookIntraday bias in USD/JPY remains mildly on the downside for the moment. Correction from 110.02 short term top could extend to near term channel support (now at 108.61) and...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7495; (P) 0.7519; (R1) 0.7554; AUD/USD’s recovery from 0.7472 extends today but it’s staying below 0.7583 minor resistance. Intraday bias remains...

Initial selloff in the US stock markets overnight shot up Japanese Yen. DOW initially dipped to as low as 23531.31, suffering near 400 pt loss, but reversed and closed up 0.02% at 23930.15....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6003; (P) 1.6030; (R1) 1.6067; EUR/AUD’s fall continues today and reaches as low as 1.5910 so far. Intraday bias remains on the downside for 1.5773...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1930; (P) 1.1946; (R1) 1.1959; EUR/CHF remains bounded in tight range below 1.2004 as consolidation continues. Intraday bias stays neutral. Further rise is...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2827; (P) 1.2857; (R1) 1.2912; Intraday bias in USD/CAD remains neutral for consolidation below 1.2913 temporary top. As long as 1.2748 minor support holds,...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9952; (P) 0.9976; (R1) 1.0017; USD/CHF is losing some upside momentum as seen in 4 hour MACD, But intraday bias remains on the upside for 1.0037 resistance....

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1914; (P) 1.1973 (R1) 1.2008; EUR/USD dipped further to as low as 1.1937 but started to lose downside momentum on oversold condition in 4 hour RSI. For the...

Dollar trades generally lower in Asian session as it has turned into correction mode. While slightly more hawkish than expected, the FOMC statement released overnight provided little inspiration to...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.52; (P) 131.82; (R1) 132.08; Outlook in EUR/JPY remains unchanged. Corrective rise from 128.94 has completed at 133.47 already. Deeper decline should be...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6003; (P) 1.6030; (R1) 1.6067; EUR/AUD’s fall from 1.6139 is extending after brief consolidation. Intraday bias stays on the downside. Such decline is...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7457; (P) 0.7502; (R1) 0.7531; Deeper decline is expected in AUD/USD as long as 0.7583 minor resistance holds. Sustained break of 0.7500 key support level...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.43; (P) 109.65; (R1) 110.09; Intraday bias in USD/JPY remains on the upside at this point. Current rise from 104.62 should target 61.8% retracement of...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3544; (P) 1.3658; (R1) 1.3729; GBP/USD reaches as low as 1.3579 so far and there is no sign of bottoming yet. Intraday bias remains on the downside and fall...

After yesterday’s strong rally, Dollar retreats mildly today as markets await FOMC decision. For the week, the greenback remains the strongest one. Canadian Dollar follows as the second...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.76; (P) 132.15; (R1) 132.44; Outlook in EUR/JPY remains unchanged. Corrective rise from 128.94 has completed at 133.47 already. Deeper decline should be...