ActionForex

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5392; (P) 1.5428; (R1) 1.5485; Intraday bias in EUR/AUD remains neutral as consolidation from 1.5314 is still in progress. Further recovery could be seen....

Trade war is the dominate theme for the market at the moment after US starts to impose steel and aluminum tariffs on its closest allies in Canada, Mexico and the EU. The move drew strong criticism...

EUR/JPY Daily OutlookDaily Pivots: (S1) 125.56; (P) 126.45; (R1) 127.91; EUR/JPY’s rebound from 124.61 is still in progress and further rise could be seen. But upside should be limited by...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5348; (P) 1.5395; (R1) 1.5439; EUR/AUD recovers today and breaks of 1.5454 minor resistance suggests temporary bottoming at 1.5314. Intraday bias is turned...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1563; (P) 1.1620 (R1) 1.1720; EUR/USD’s recovery from 1.1509 is still in progress and touches 4 hour 55 EMA. Further rise could be seen. But upside...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9868; (P) 0.9902; (R1) 0.9927; Intraday bias in USD/CHF remains neutral for the moment. We’d continue to expect strong support from near term trend...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7508; (P) 0.7546; (R1) 0.7616; Strong rebound in AUD/USD dampens the immediate bearish case and turn intraday bias neutral again. More consolidation would be...

The forex markets are mixed today so far. Easing concerns over Italy political turmoil calmed markets temporarily. But the situation is not solve yet. Meanwhile, the upcoming decision on US steel...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9850; (P) 0.9916; (R1) 0.9981; USD/CHF recovers after touching near term rising trend line support. But upside is limited below 0.9982 minor resistance....

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7485; (P) 0.7519; (R1) 0.7540; The break of 0.7502 minor support suggests that corrective rise from 0.7411 has completed at 0.7604 already. Intraday bias is...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8688; (P) 0.8715; (R1) 0.8732; The choppy decline from 0.8844 is in progress and focus is on 0.8679 support. Break there will indicate completion of the...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1352; (P) 1.1454; (R1) 1.1540; EUR/CHF breached 1.1445 support to as low as 1.1366 and recovered. There is no clear sign of bottoming yet and intraday bias...

EUR/JPY Daily OutlookDaily Pivots: (S1) 124.30; (P) 125.80; (R1) 126.99; EUR/JPY reached as low as 124.61 so far and breached 100% projection of 137.49 to 128.94 from 133.47 at 124.92. There is no...

Italy political turmoil and trade tensions are weighing on market sentiments on two fronts. Italy will now likely go into a snap election soon. And the eurosceptic parties will frame that as...

EUR/JPY Daily OutlookDaily Pivots: (S1) 126.52; (P) 127.53; (R1) 128.19; EUR/JPY’s decline accelerates to as low as 125.09 so far today and takes out 126.61 medium term fibonacci level...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1521; (P) 1.1576; (R1) 1.1606; EUR/CHF”s fall resumes after brief consolidation and hits as low as 1.1445 so far. 1.1445 is seen as an important...