ActionForex

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.18; (P) 128.73; (R1) 129.04; Intraday bias in EUR/JPY remains neutral at this point and more sideway trading could be seen. While another rise cannot be...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5430; (P) 1.5507; (R1) 1.5551; EUR/AUD’s decline accelerates to as low as 1.5397 so far and intraday bias stays on the downside. Current fall from...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1283; (P) 1.1343; (R1) 1.1380; Intraday bias in EUR/USD remains neutral at this point. As long as 1.1472 resistance holds, deeper decline is expected in the...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9958; (P) 0.9982; (R1) 1.0012; Intraday bias in USD/CHF remains neutral at this point. On the downside, break of 38.2% retracement of 0.9541 to 1.0128 at...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3263; (P) 1.3299; (R1) 1.3324; USD/CAD’s sharp decline and break of 1.3187 support today confirms short term reversal, after rejection by 1.3385 key...

US and China agreed not to escalate trade war after meeting between Trump and Xi. A cease-fire agreement was reached. Even though it’s just for 90 days, Asian markets responded positively to the...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1307; (P) 1.1330; (R1) 1.1370 EUR/CHF rebounded strongly after hitting 1.1260 and intraday bias is turned neutral first. On the upside, firm break of 1.1356...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8871; (P) 0.8896; (R1) 0.8938 Intraday bias in EUR/GBP remains neutral first. On the upside, firm break of 0.8939 resistance will confirm completion of the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.46; (P) 145.15; (R1) 145.76 GBP/JPY is still bounded in range of 144.02/145.99 as consolidation continues. Intraday bias remains neutral first. As long as...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3254; (P) 1.3283; (R1) 1.3314 No change in USD/CAD’s outlook. Further rise could be seen but upside momentum remain unconvincing. Hence, we’d be...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.22; (P) 113.45; (R1) 113.72 At this point, intraday bias in USD/JPY remains mildly on the downside for further decline. The rebound from 112.30 should have...

Dollar is trying to recover again today, with rather weak momentum so far. FOMC minutes released overnight didn’t prompt renewed selling in the greenback. Instead, traders are turning cautious...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.56; (P) 128.91; (R1) 129.57; Break of 129.10 turns bias to the upside for more recovery. But after all, price actions from 127.49 are seen as a corrective...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5503; (P) 1.5570; (R1) 1.5624; Breach of 1.5519 low suggests that fall from 1.6357 is resuming. Intraday bias stays on the downside for 1.5271/5313 cluster...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3226; (P) 1.3293; (R1) 1.3345; Upside momentum in USD/CAD remains unconvincing, as seen in the structure of the rise from 1.2781. In case of another rally,...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.41; (P) 113.73; (R1) 114.00; USD/JPY’s break of 113.41 minor support indicates completion of rebound from 114.03. Intraday bias is turned back to the...