ActionForex

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7019; (P) 0.7075; (R1) 0.7106; AUD/USD fell notably after rejection by 4 hour 55 EMA. But downside is held above 0.7040 low so far. Intraday bias remains...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1483; (P) 1.1515; (R1) 1.1550; EUR/USD’s break of 1.1549 minor resistance indicates short term bottoming at 1.1431. Intraday bias is back on the upside...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9886; (P) 0.9911; (R1) 0.9925; USD/CHF drops to as low as 0.9855 so far as correction from 0.9954 extends. Deeper fall could still be seen. But downside...

Asian markets are in crisis mode as dragged down by the stock market crash in the US over night. At the time of writing, Nikkei is down -970 pts or -4.13%. Singapore Strait Times is down -89.59 pts or...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.36; (P) 129.79; (R1) 130.25; EUR/JPY lost some downside momentum as seen in 4 hour MACD. But with 131.23 minor resistance intact, further fall is still...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6151; (P) 1.6207; (R1) 1.6237; EUR/AUD’s decline from 1.6351 extends lower today. the break of 1.6175 minor support suggests rejection from 1.6353 and...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2922; (P) 1.2963; (R1) 1.2991; Outlook in USD/CAD remains unchanged. Even though USD/CAD’s rebound from 1.2781 was strong, it’s limited well below...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.76; (P) 113.07; (R1) 113.28; Intraday bias in USD/JPY stays neutral with focus on 38.2% retracement of 110.37 to 114.54 at 112.94. On the upside, above...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1449; (P) 1.1476; (R1) 1.1520; EUR/USD dipped to 1.1431 but recovered notably from there. Intraday bias is turned neutral for some more consolidations. But...

Dollar’s pull back extends in Asian session today after yesterday’s rally attempts failed. Retreat in treasury yields is a factor weighing down the greenback. The late rebound in Italian...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.34; (P) 130.29; (R1) 131.09; Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 133.12 would target 127.85 support first....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6183; (P) 1.6270; (R1) 1.6320; Intraday bias in EUR/AUD remains neutral first. As long as 1.6175 minor support holds, further rise is expected in the cross....

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1459; (P) 1.1494; (R1) 1.1529; There is no follow through selling in EUR/USD after breaching 1.1463. But still, with 1.1549 minor resistance intact, deeper...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9906; (P) 0.9926; (R1) 0.9944; No change in USD/CHF’s outlook. Consolidation from 0.9954 temporary top is in progress and intraday bias stays neutral...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2927; (P) 1.2970; (R1) 1.3001; Even though USD/CAD’s rebound from 1.2781 was strong, it’s limited well below 1.3081 resistance. Such rebound is...

The financial markets are mixed in Asia today as risk aversion seemed to have peaked for now. NASDAQ led US stocks decline overnight a hit as low as 7654.84 but closed down only -0.67% at 7735.95....