ActionForex

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9558; (P) 0.9621; (R1) 0.9654; USD/CHF’s decline resumed by taking out 0.9599 and reaches as low as 0.9582 so far. Intraday bias is back on the downside...

The markets are now in full risk-seeking mode. DOW jumped 0.95% to record high at 26656.98 overnight. S&P also made new record at 2930.75, up 0.78%. The sentiments carried forward to Asian session...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.69; (P) 131.19; (R1) 131.58; EUR/JPY is losing some upside momentum as seen in 4 hour MACD. But with 130.09 minor support intact, further rise is expected...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6022; (P) 1.6104; (R1) 1.6148; EUR/AUD’s consolidation pattern from 1.6353 extends lower and hit 38.2% retracement of 1.5601 to 1.6353 at 1.6066. At...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2880; (P) 1.2940; (R1) 1.2980; At this point, we’d still expect strong support from 1.2886 to contain downside to complete the decline from 1.3225. On...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3101; (P) 1.3157; (R1) 1.3202; Intraday bias in GBP./USD is turned neutral with a temporary top in place at 1.3214. Rise from 1.2661 could still extend...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.16; (P) 112.30; (R1) 112.45; Intraday bias in USD/JPY is turned neutral with a temporary top in place at 112.44, after hitting 100% projection of 109.76 to...

New Zealand Dollar is the strongest one in the currency markets today, as boosted by fastest GDP growth in two years. Otherwise, the markets are rather mixed. Australian and Canadian Dollar turned...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.42; (P) 130.96; (R1) 131.63; Intraday bias in EUR/JPY remains on the upside. Current rise from 124.89 should target 131.97 resistance and then key...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6101; (P) 1.6218; (R1) 1.6279; EUR/AUD’s consolidation pattern from 1.6353 extends with another fall leg. Intraday bias is mildly on the downside for...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2946; (P) 1.3006; (R1) 1.3039; USD/CAD’s pull back from 1.3225 resumed by breaking 2.1975. Intraday bias is back on the downside. For now, we’re...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1638; (P) 1.1681; (R1) 1.1711; EUR/USD is still stuck in range below 1.1733 at this point and outlook is unchanged. Further rise cannot be ruled out yet. But...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9611; (P) 0.9634; (R1) 0.9669; USD/CHF recovered after hitting 0.9599 and intraday bias is turned neutral again. As long as 0.9757 resistance holds, deeper...

Trade war escalations continue to be ignored by the markets in general. Dollar and Yen are staying as the weakest ones today. In particular, Yen is pressured additionally by sharp rally in US treasury...

The new round of tariffs on China’s imports to the US was finally formalized. Dollar got a brief lift but there was no further buying. The impacts on the markets quick faded and what’s...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.17; (P) 130.61; (R1) 131.13; EUR/JPY’s break of 131.10 suggests resumption of rise from 124.89. Intraday bias is turned back to the upside for 131.97...