ActionForex

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5761; (P) 1.5825; (R1) 1.5859; A temporary top is in place at 1.5887 and intraday bias is turned neutral for some consolidations first. Another rise is...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3324; (P) 1.3370; (R1) 1.3448; USD/CAD rebounds strongly after drawing support from 4 hour 55 EMA. But it’s staying below 1.3444 resistance. Intraday...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.58; (P) 112.98; (R1) 113.71; USD/JPY’s breach of 113.24 minor resistance suggests that corrective fall from 114.20 has completed with three waves down...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1323; (P) 1.1383; (R1) 1.1416; EUR/USD’s rebound was limited well below 1.1472 resistance and weakened again. But it’s staying inside range of...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.08; (P) 128.38; (R1) 128.71; EUR/JPY’s consolidation from 127.49 is still in progress and intraday bias remains neutral. On the downside, break of...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5740; (P) 1.5794; (R1) 1.5880; Intraday bias in EUR/AUD remains on the upside at this point. Fall from 1.6357 should have completed earlier than expected at...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7184; (P) 0.7213; (R1) 0.7228; Focus remains on 0.7199 support for AUD/USD. Decisive break there will suggest that the corrective rebound from 0.7020 has...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.53; (P) 112.73; (R1) 112.91; Intraday bias stays neutral for consolidation above 112.23 temporary low. As long as 113.24 minor resistance holds, another...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1361; (P) 1.1394; (R1) 1.1429; EUR/USD strengthens further today but it’s still limited below 1.1472 resistance. Intraday bias remains neutral and...

Asian stocks open the week lower, following Friday’s selloff in the US. But the forex markets are pretty steady. Dollar is the weakest one for now, followed by Sterling and then Canadian. On the...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.75; (P) 128.11; (R1) 128.55; EUR/JPY recover ahead of 127.49 minor support and intraday bias is turned neutral. Break of 127.49 will target 126.63 support...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5619; (P) 1.5704; (R1) 1.5811; Intraday bias in EUR/AUD remains on the upside with focus on 1.5781 resistance. Decisive break there will suggest that...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1328; (P) 1.1371; (R1) 1.1420; Intraday bias in EUR/USD remains neutral as it’s staying in range of 1.1267/1472. As long as 1.1472 resistance holds,...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9886; (P) 0.9938; (R1) 0.9981; USD/CHF’s breach of 0.9908 suggests fall resumption. Intraday bias is now on the downside for 0.9848 support. Firm break...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3343; (P) 1.3394; (R1) 1.3433; Intraday bias in USD/CAD remains on the upside for further rally. Sustained trading above 1.3385 resistance will confirm...

Risk sentiments generally stabilized after the late rebound in US stocks overnight. DOW hit as low as 24242.22 but closed at 24947.67. Down just -0.32%. S&P 500 also hit as low as 2621.53 but...