ActionForex

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2935; (P) 1.2954; (R1) 1.2973; Intraday bias in USD/CAD remains neutral as it’s staying in range of 1.2883/2975. At this point, we’re staying...

Australian Dollar rises broadly today as boosted by strong rally in Chinese stocks. The Shanghai SSE (LON:SSE) composite is pushed through 2800 psychological level on news that MSCI is considering...

Dollar suffered brief set back overnight as Euro attempted for a rally. But the greenback quickly found its footing and it’s trading as the strongest one in Asian session today. In particular...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8933; (P) 0.8959; (R1) 0.8984; A temporary top is in place at 0.8994 and intraday bias is turned neutral first. Corrective pull back from 0.9097 should have...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7240; (P) 0.7261; (R1) 0.7272; At this point, AUD/USD is staying above 0.7228 resistance turned support and intraday bias remains neutral first. Above 0.7303...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3064; (P) 1.3116; (R1) 1.3168; Intraday bias in GBP/USD remains neutral for the moment. Risk stays on the downside as long as 1.3297 resistance holds. The...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9602; (P) 0.9627; (R1) 0.9674; USD/CHF’s strong rise today and break of 0.9651 support turned resistance indicates short term bottoming at 0.9541, on...

csAsian markets open quietly with Japan and China on holiday. The tone is mixed as new round of US-China tariffs take effects today. At the time of writing, Dollar, Sterling and Yen are firmer ones....

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.89; (P) 132.51; (R1) 132.87; Intraday bias in EUR/JPY remains neutral for consolidation below 133.12 temporary top. Further rise is expected as long as...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6097; (P) 1.6137; (R1) 1.6159; Intraday bias in EUR/AUD remains neutral for the moment. On the upside, above 1.6175 will suggest that the pull back from...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1721; (P) 1.1762; (R1) 1.1792; Intraday bias in EUR/USD remains neutral at this point. We we maintain our view that 38.2% retracement of 1.2555 to 1.1300 at...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9551; (P) 0.9575; (R1) 0.9609; A temporary low is in place at 0.9541 with today’s recovery. Intraday bias is turned neutral first. In case of another...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7266; (P) 0.7285; (R1) 0.7307; Intraday bias in AUD/USD remains neutral for the moment. On the upside, above 0.7303 will extend the corrective rise from...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.45; (P) 131.98; (R1) 133.04; EUR/JPY’s rally extends to as high as 133.05 so far today and intraday bias stays on the upside. Break of key fibonacci...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6079; (P) 1.6126; (R1) 1.6198; EUR/AUD drew support from 38.2% retracement of 1.5601 to 1.6353 at 1.6066 and formed a temporary low at 1.6051. Intraday bias...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2882; (P) 1.2908; (R1) 1.2931; USD/CAD dropped to as low as 1.2883 so far and breached 1.2886 key support. The decline is deeper than we expected. Intraday...