ActionForex

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3720; (P) 1.3755; (R1) 1.3799; With 1.3791 minor resistance intact, intraday bias in GBP/USD stays on the downside with focus on 1.3711 key support. Decisive...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1952; (P) 1.1969; (R1) 1.1984; EUR/CHF’s consolidation from 1.2004 is still unfolding and intraday bias remains neutral. Deeper retreat cannot be ruled...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7508; (P) 0.7545; (R1) 0.7566; AUD/USD dips lower to 0.7524 as recent fall resumes. Intraday bias is back on the downside with focus on 0.7500 key support...

Australian dollar is steady after RBA left cash rate unchanged at 1.50% as widely expected. Governor Philip Lowe continued to be confident on the economy. He noted in the accompanying statement that...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.95; (P) 132.17; (R1) 132.49; More…. We’re holding on to the view that corrective rebound from 128.94 has completed at 133.47 already. Deeper...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5955; (P) 1.6004; (R1) 1.6040; Fall from 1.6139 is seen as the third leg of the consolidation pattern from 1.6189. Deeper decline could be seen back to...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2078; (P) 1.2105 (R1) 1.2156; Intraday bias in EUR/USD remains neutral for consolidation above 1.2054 temporary low. In case of stronger recovery upside...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9859; (P) 0.9890; (R1) 0.9908; Intraday bias in USD/CHF remains neutral for consolidation below 0.9919 temporary top. Deeper retreat could be seen after...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2800; (P) 1.2849; (R1) 1.2875; Intraday bias in USD/CAD remains neutral for consolidation below 1.2899 temporary top. Downside of retreat should be contained...

The forex market open the week rather steadily with major indices stuck inside Friday’s range. Aussie is generally lower followed by Yen. Meanwhile, Sterling, Dollar and Swiss Franc are...

Dollar was given a powerful boost last week on a couple of factors. Firstly, 10 year yield extended recent bull run and hit 3% level for the first time since 2014. Secondly, Euro was sold off steeply...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.74; (P) 152.23; (R1) 152.55; Intraday bias in GBP/JPY remains neutral at this point. We’re holding on to the view that corrective rise from 144.97...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8669; (P) 0.8709; (R1) 0.8739; Intraday bias in EUR/GBP remains on the downside for the moment. Rebound from 0.8620 should have completed at 0.8790 already....

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2834; (P) 1.2860; (R1) 1.2899; Intraday bias in USD/CAD remains neutral for consolidation below 1.2896 temporary top. Deeper retreat could be seen but...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2063; (P) 1.2136 (R1) 1.2176; EUR/USD reaches as low as 1.2095 as decline accelerated after breaking 1.2154 key support. Intraday bias stays on the downside...

USD/JPY Daily OutlookDaily Pivots: (S1) 109.09; (P) 109.27; (R1) 109.49; Intraday bias in USD/JPY remains neutral for consolidation below 109.47 temporary top. Deeper retreat could be seen. But...