ActionForex

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9997; (P) 1.0021; (R1) 1.0040; With 0.9982 minor support intact, intraday bias stays on the upside for further rally. Sustained trading above 1.0037 will...

Reactions to US withdrawal from the Iran nuclear deal were centered in oil and yield. Stocks had a rather quiet day yesterday with DOW ended up 0.01%, S&P 500 down -0.03% and NASDAQ up 0.02%. At...

The forex markets are basically staying in recent trends, but with weaker momentum. Dollar extended the rally against Euro and Swiss Franc, but it’s kept in tight range against Sterling, Aussie...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2847; (P) 1.2872; (R1) 1.2907; USD/CAD is still bounded in range below 1.2913 temporary top and intraday bias stays neutral. As long as 1.2748 minor support...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3522; (P) 1.3548; (R1) 1.3582; A temporary low is in place at 1.3485 in GBP/USD and intraday bias is turned neutral for consolidation. Stronger recovery could...

USD/JPY Daily OutlookDaily Pivots: (S1) 108.76; (P) 109.07; (R1) 109.40; Intraday bias in USD/JPY remains neutral for consolidation below 110.02 short term top. Below 108.64 minor will bring deeper...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5827; (P) 1.5871; (R1) 1.5903; With a temporary low in place at 1.5837, intraday bias in EUR/AUD is turned neutral first. No change in the view that price...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.94; (P) 147.60; (R1) 148.15; Intraday bias in GBP/JPY is turned neutral with a temporary low formed at 147.04. Some consolidations could be seen with risk...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.89; (P) 130.42; (R1) 130.94; Intraday bias in EUR/JPY remain son the downside for 128.94 support. Break will resume whole decline from 137.49 and target...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5825; (P) 1.5875; (R1) 1.5906; With 1.5966 minor resistance intact, further decline is expected in EUR/AUD to 1.5773 support and possibly below. Price...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2814; (P) 1.2865; (R1) 1.2896; Intraday bias in USD/CAD remains neutral for consolidation below 1.2913 temporary top. As long as 1.2748 minor support holds,...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1914; (P) 1.1955 (R1) 1.1999; Downside momentum in EUR/USD continues to diminish with 4 hour MACD staying above signal line. But with 1.2008 minor resistance...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9965; (P) 0.9994; (R1) 1.0025; Upside momentum continues to diminish with 4 hour MACD staying below signal line. But with 0.9937 minor support intact,...

The forex markets open the week rather quietly today. Dollar is trading mildly firmer in tight range against other major currencies. Aussie is so far the weakest one today, getting no support from...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.23; (P) 130.94; (R1) 131.63; Intraday bias in EUR/JPY remains on the downside as fall from 133.47 should target 128.94 low. Break there will resume whole...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5881; (P) 1.5924; (R1) 1.5956; Intraday bias in EUR/AUD remains on the downside for 1.5773 support and possibly below. Still, price actions from 1.6189 are...