ActionForex

Dollar trades broadly softer in Asian session today as yesterday’s rebound attempt lost steam. Traders are also turning more cautious ahead of FOMC rate decision. While Fed is widely expected to...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.95; (P) 130.51; (R1) 131.41; EUR/JPY’s rebound from 129.59 extends to as high as 131.70 so far today. A this point, as the cross is staying in range...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5909; (P) 1.5967; (R1) 1.6036; EUR/AUD’s rally is still in progress and reaches as high as 1.6036 so far. Intraday bias remains on the upside for 61.8%...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3040; (P) 1.3082; (R1) 1.3118; A temporary top is in place at USD/CAD at 1.3124 and intraday bias is turned neutral first. Some consolidations would be seen....

USD/JPY Daily OutlookDaily Pivots: (S1) 105.74; (P) 106.02; (R1) 106.37; Intraday bias in USD/JPY remains neutral as range trading continues inside 105.24/107.67. With 107.67 resistance holds, near...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2275; (P) 1.2316 (R1) 1.2376; EUR/USD’s break of 1.2335 minor resistance now suggests that pull back from 1.2445 has completed with three waves down to...

Sterling remains the strongest one as markets is now preparing for inflation data from UK today. The progress in Brexit negotiation removed one key obstacle for BoE to hike again in May. And CPI data...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8797; (P) 0.8817; (R1) 0.8828; Intraday bias in EUR/GBP remains on the downside for 0.8771 support. Firm break there will confirm completion of rebound from...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.88; (P) 130.39; (R1) 130.71; Intraday bias in EUR/JPY remains on the downside for 129.34 low. Decisive break there will confirm resumption of whole fall...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1684; (P) 1.1698; (R1) 1.1710; Consolidation from 1.1740 temporary top is still in progress and intraday bias remains neutral. Again, with 1.1630 minor...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3893; (P) 1.3936; (R1) 1.3986; Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.3995 will target 1.4144 resistance...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3060; (P) 1.3079; (R1) 1.3114; USD/CAD’s rally is in progress and reaches as high as 1.3121 so far. Intraday bias remains on the upside. Rise from...

The week open relatively quietly again with Swiss Franc leading the way down, followed by Aussie and Kiwi. Dollar strengthens broadly but it’s again out shone by Japanese Yen. Asian markets are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.58; (P) 148.04; (R1) 148.63; At this point, intraday bias in GBP/JPY remains neutral first. in case corrective rise from 114.97 extends, upside should be...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5715; (P) 1.5755; (R1) 1.5816; EUR/AUD’s strong rebound and break of 1.5791 minor resistance suggests that pull back fro 1.5976 has completed at...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1684; (P) 1.1698; (R1) 1.1720; Intraday bias in EUR/CHF remains neutral as consolidation from 1.1740 temporary top is extending. With 1.1630 minor support...