ActionForex

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9914; (P) 0.9949; (R1) 0.9972; Sideway trading in USD/CHF continues, inside range of 0.9894/9984. Intraday bias remains neutral at this point. On the upside,...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.60; (P) 127.93; (R1) 128.54; With 126.60 minor support intact, further rise is expected in EUR/JPY for 55 day EMA (now at 128.78). Sustained trading above...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7212; (P) 0.7230; (R1) 0.7258; With the current recovery, a temporary low is in place at 0.7201 in AUD/USD. Intraday bias is turned neutral for some...

EUR/JPY Daily OutlookDaily Pivots: (S1) 125.58; (P) 126.29; (R1) 126.76; EUR/JPY is staying in consolidation from 125.13 and intraday bias remains neutral first. More corrective trading could be seen...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5644; (P) 1.5685; (R1) 1.5712; Intraday bias in EUR/AUD remains mildly on the upside for the moment. Pull back from 1.5888 could have completed at 1.5578...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1306; (P) 1.1367 (R1) 1.1404; EUR/USD’s fall resumed after brief consolidation and intraday bias is back on the downside. Current fall is part of the...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9912; (P) 0.9932; (R1) 0.9962; USD/CHF is still bounded in range of 0.9894/9984. Intraday bias remains neutral at this point. On the upside, above 0.9984 will...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3030; (P) 1.3083; (R1) 1.3111; Intraday bias in USD/CAD remains neutral for the moment. With 1.3035 minor support intact, we’re favoring the bullish...

Renewed selloff in the Chinese Yuan weighs down sentiments across Asia and boosts the greenback today. USD/CHN breaks recent high at 6.912 to resume up trend. With that, China Shanghai SSE (LON:SSE)...

EUR/JPY Daily OutlookDaily Pivots: (S1) 125.39; (P) 126.08; (R1) 127.03; EUR/JPY’s strong rebound and break of 126.80 indicates temporary bottoming at 125.13. Intraday bias is now turned neutral...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1290; (P) 1.1326; (R1) 1.1365; A temporary low is in place at 1.1285 in EUR/CHF and intraday bias is turned neutral first. Deep fall is expected as long as...

USD/JPY Daily OutlookDaily Pivots: (S1) 110.24; (P) 110.59; (R1) 111.07; Intraday bias in USD/JPY remains neutral first. While the correction from 113.17 might still extend lower, we’d expect...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7252; (P) 0.7276; (R1) 0.7296; Intraday bias in AUD/USD remains on the downside with 0.7322 minor resistance intact. Current fall is part of the down trend...

The forex markets are rather steady today. Turkish turmoil seemed to have passed its climax for the near term. Swiss Franc and Yen are trading lower as that part of risk aversion receded. Meanwhile,...

EUR/JPY Daily OutlookDaily Pivots: (S1) 125.70; (P) 128.36; (R1) 127.82; EUR/JPY’s decline continues today and reaches as low as 125.13 so far. Intraday bias remains on the downside for...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5590; (P) 1.5651; (R1) 1.5699; Intraday bias in EUR/AUD remains neutral at this point, with near term bearish outlook. On the downside, break of 1.5578 will...