ActionForex

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2307; (P) 1.2327 (R1) 1.2346; Intraday bias in EUR/USD remains neutral at this point, with focus on 1.2302 minor support. Break there will indicate completion...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9599; (P) 0.9618; (R1) 0.9638; Intraday bias in USD/CHF remains neutral for the moment. Focus stays on 0.9626 key fibonacci resistance. Sustained trading...

Yen is making a come back in Asian session today. The reaction to the Syria strike was muted. But risk aversion comes back with selloff in Chinese and Hong Kong stocks. Nikkei is maintaining slight...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.4165; (P) 1.4206; (R1) 1.4266; GBP/USD’s rally resume after brief consolidation an reaches as high as 1.4274 so far. Intraday bias is back on the...

USD/JPY Daily OutlookDaily Pivots: (S1) 106.88; (P) 107.15; (R1) 107.61; USD/JPY’s rebound from 106.42 finally resumed by taking out 107.48 and reaches as high as 107.66 so far. Intraday bias is...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2559; (P) 1.2590; (R1) 1.2620; With 1.2622 minor resistance intact, intraday bias in USD/CAD remains on the downside. Sustained trading below 61.8%...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.96; (P) 132.14; (R1) 132.49; EUR/JPY’s rally resumed after brief consolidation and reaches as high as 132.74 so far. Intraday bias is back on the...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8700; (P) 0.8677; (R1) 0.8712; Intraday bias in EUR/GBP remains on the downside as fall from 0.8967 is in progress. 61.8% projection of 0.9305 to 0.8745 from...

Australian dollar strengthens broadly in Asia session as lifted mildly by China’s trade data. The Aussie is also among the strongest ones for the week, together with Canadian Dollar and New...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9555; (P) 0.9576; (R1) 0.9596 No change in USD/CHF’s outlook as it’s still bounded in range of 0.9521/9648. Intraday bias remains neutral for the...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2540; (P) 1.2581; (R1) 1.2619 USD/CAD lost some downside momentum as it’s pressing 61.8% retracement of 1.2246 to 1.3124 at 1.2581. But intraday bias...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.86; (P) 132.23; (R1) 132.44 EUR/JPY reaches as high as 132.61 but lost momentum since then. For now, further rally is in favor as long as 131.09 minor...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1810; (P) 1.1845; (R1) 1.1878 Intraday bias in EUR/CHF remains on the upside for the moment. Medium term up trend has just resumed and further rise should be...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8700; (P) 0.8719; (R1) 0.8741 Intraday bias in EUR/GBP is neutral for now as it’s lacking a direction. On the upside, above 0.8749 will reaffirm the...

The Asian markets are relatively steady today as for now, there is no escalation in the situation in Syria. At the time of writing Nikkei is trading down -0.26% only while HK HSI is down -0.17%....

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.06; (P) 151.59; (R1) 152.49; GBP/JPY rises to as high as 152.23 so far and met 61.8% retracement of 156.59 to 144.97 at 152.15. Intraday bias remains on the...