ActionForex

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3141; (P) 1.3171; (R1) 1.3203 USD/CAD remains bounded in range of 1.3056/3264 and intraday bias remains neutral at this point. With 1.3056 support intact,...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.36; (P) 112.61; (R1) 112.81 Intraday bias remains on the downside for 113.37 support and possibly below. Decline from 114.20 is seen as the third leg of the...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2802; (P) 1.2843; (R1) 1.2891 No change in GBP/USD’s outlook. Intraday bias stays neutral for the moment. Also, price actions from 1.2661 are viewed as...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.58; (P) 128.82; (R1) 129.18; Outlook in EUR/JPY remains unchanged and intraday bias stays neutral first. As long as 130.14 resistance holds, deeper decline...

Australian Dollar is under broad based selling pressure today. RBA minutes reiterated the non-urgency for any rate move. IMF report pointed out risks are tilted to the downside in Australia. But risk...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9965; (P) 1.0026; (R1) 1.0062; The break of 0.9952 support suggests short term topping in USD/CHF at 1.0128, on bearish divergence condition in 4 hour MACD....

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7272; (P) 0.7299; (R1) 0.7321; AUD/USD retreats notably after failing to sustain above 0.7314 resistance. Intraday bias is turned neutral first. For now,...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1359; (P) 1.1392; (R1) 1.1414; No change in EUR/CHF’s outlook. The structure of price actions from 1.1501 suggests it’s a consolidation pattern....

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5613; (P) 1.5668; (R1) 1.5759; The break of 1.5693 minor resistance suggests that a short term bottom is formed at 1.5519 in AUD/USD, in bullish convergence...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.33; (P) 128.61; (R1) 129.10; Intraday bias in EUR/JPY remains neutral at the moment. As long as 130.14 resistance holds, deeper decline is in favor in the...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5530; (P) 1.5587; (R1) 1.5629; Intraday bias in EUR/AUD remains neutral for consolidation above 1.5519 temporary low. As long as 1.5693 minor resistance...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7275; (P) 0.7307; (R1) 0.7363; Intraday bias in AUD/USD remains on the upside with focus on 0.7314 resistance. Sustained break there will indicate medium term...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1351; (P) 1.1387; (R1) 1.1452; No change in EUR/USD’s outlook. While recovery from 1.1215 might extend, it’s seen as a corrective move. Hence,...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9965; (P) 1.0026; (R1) 1.0062; At this point, USD/CHF remains bounded in range of 0.9952/1.0128. Intraday bias remains neutral first. Also, near term outlook...

The forex markets are generally trading in tight range as the week starts. Yen, Dollar and Sterling are generally firmer. Australian Dollar and New Zealand Dollar are the weaker ones, together with...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5613; (P) 1.5668; (R1) 1.5759; The break of 1.5693 minor resistance suggests that a short term bottom is formed at 1.5519 in AUD/USD, in bullish convergence...