ActionForex

Dollar pares back some gains in Asian session today after yesterday’s yield driven rally. 10 year yield hit as high as 2.990 during regular trading hour before closing at 2.973, up 0.022....

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.86; (P) 132.41; (R1) 132.80; The corrective rise from 128.94 is likely completed at 133.08, on bearish divergence condition in 4 hour MACD. Intraday bias is...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5973; (P) 1.6002; (R1) 1.6041; Intraday bias in EUR/AUD stays neutral with focus on 1.6059 resistance now. Break there will indicate completion of the pull...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2239; (P) 1.2296 (R1) 1.2342; Focus remains on 1.2214 support in EUR/USD. Decisive break there will revive the case of medium term reversal. In that case,...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9711; (P) 0.9735; (R1) 0.9770; Intraday bias in USD/CHF remains on the upside for the moment. Current rise from 0.9186 should target 0.9900 fibonacci level...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2673; (P) 1.2718; (R1) 1.2806; Intraday bias in USD/CAD remains on the upside for further rebound. However, we’re holding on to the view that rebound...

The financial markets are pretty quiet as another week starts. Despite positive news regarding Korean peninsula, major Asian indices are trading slightly lower. At the time of writing, Nikkei is down...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.4016; (P) 1.4131; (R1) 1.4195; GBP/USD’s fall from 1.4376 accelerates to as low as 1.4039 so far. The strong break of 1.4144 firstly indicate short...

USD/JPY Daily OutlookDaily Pivots: (S1) 107.17; (P) 107.34; (R1) 107.53; Intraday bias in USD/JPY remains neutral at this point. Break of 107.77 will target 38.2% retracement of 114.73 to 104.62 at...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7693; (P) 0.7753; (R1) 0.7787; AUD/USD faced strong rejection from near term falling channel resistance. Break of 0.7743 indicates that rebound from 0.7642...

EUR/JPY Daily OutlookDaily Pivots: (S1) 132.23; (P) 132.65; (R1) 132.96; EUR/JPY continues to lose upside momentum as seen in 4 hour MACD. But with 132.10 minor support intact, further rise could be...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5882; (P) 1.5936; (R1) 1.6025; EUR/AUD’s recovers again but stays in range of 1.5773/6059. Intraday bias remains neutral first. Another fall is in...

Dollar surged overnight as boosted by the strong rally in US treasury yield. 10 year yield gained 0.047 to close at 2.914, after hitting as high as 2.934. It’s now close to a key resistance,...

Commodity currencies are trading broadly higher today as led by Australian Dollar. Strong rebound in the Chinese stock markets is seen as factor helping the Aussie, as SSE (LON:SSE) is gaining more...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8663; (P) 0.8693; (R1) 0.8741; EUR/GBP edges higher to 0.83735 today but stays below 0.8739 resistance. Intraday bias remains neutral first. For now,...

EUR/JPY Daily OutlookDaily Pivots: (S1) 132.36; (P) 132.63; (R1) 132.95; EUR/JPY’s rise continue with weak upside momentum as seen in 4 hour MACD. While further rebound could be seen, upside...