ActionForex

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2312; (P) 1.2345 (R1) 1.2387; EUR/USD’s rally from 1.2214 continues today and intraday bias remains on the upside for 1.2475/2555 resistance zone....

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9544; (P) 0.9577; (R1) 0.9593; USD/CHF is staying in range of 0.9521/9648 and intraday bias remains neutral. On the downside, firm break of 0.9521 minor...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7713; (P) 0.7741; (R1) 0.7788; AUD/USD’s rebound from 0.7642 extended to as high as 0.7768. But it’s limited below 0.7784 minor resistance....

Risk appetite stays strong so far with receding fear of full-blown trade war between US and China. Major US indices closed up overnight with DOW gaining 1.79%, S&P 500% risen 1.67% and NASDAQ up...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.08; (P) 131.53; (R1) 131.97; EUR/JPY is still bounded in range from 128.94 and intraday bias remains neutral. As long as 132.40 holds, near term outlook...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5942; (P) 1.6001; (R1) 1.6056; EUR/AUD is stuck in tight range of 1.5852/6084 and intraday bias remains neutral first. As long as 1.5857 minor support holds,...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2277; (P) 1.2303 (R1) 1.2347; Intraday bias in EUR/USD remains neutral first, with focus on 1.2344 minor resistance. Break there will indicate that the...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9544; (P) 0.9577; (R1) 0.9593; Intraday bias in USD/CHF remains neutral as it’s staying in range of 0.9521/9648. On the downside, break of 0.9521 minor...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2649; (P) 1.2733; (R1) 1.2781; Intraday bias in USD/CAD remains on the downside as fall from 1.3124 continues. Such decline should target 61.8% retracement of...

Asian markets responded positively to the highly anticipated speech by China President Xi Jinping. At the time of writing, Nikkei is trading up 0.65% and HK HSI is up 1.14%. But it should be noted...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.06; (P) 131.33; (R1) 131.59; Intraday bias in EUR/JPY remains neutral as consolidation from 128.94 is still unfolding. As long as 132.40 holds, near term...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8694; (P) 0.8721; (R1) 0.8742; Intraday bias in EUR/GBP is mildly on the downside as deeper fall could be seen to retest 0.8666. But after all, it’s...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2740; (P) 1.2767; (R1) 1.2806; Intraday bias in USD/CAD remains neutral for consolidation above 1.2732 temporary low. Near term outlook stays bearish for...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2232; (P) 1.2261 (R1) 1.2308; Intraday bias in EUR/USD remains neutral for the moment. But as long as 1.2344 minor resistance holds, further decline is...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9563; (P) 0.9605; (R1) 0.9634; Intraday bias in USD/CHF remains neutral first. On the downside, break of 0.9521 minor support will indicate rejection by...

Asian markets open positively this week in spite of the sharp selloff in the US on Friday. At the time of writing, Nikkei is trading up 0.55%. China is back from holiday with SSE (LON:SSE) up 0.35%....