ActionForex

USD/JPY Daily OutlookDaily Pivots: (S1) 105.94; (P) 106.17; (R1) 106.57; At this point, USD/JPY is still bounded in range of 105.24/107.67 and intraday bias remains neutral. After all, near term...

Commodity currencies, including Canadian, Australian and New Zealand Dollar are suffering steep selling towards the end of the week. New White House economic adviser Larry Kudlow’s strong Dollar...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.74; (P) 148.44; (R1) 149.15; No change in GBP/JPY’s outlook. The corrective rise from 144.97 is still in progress and could extend higher. But,...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1674; (P) 1.1692; (R1) 1.1703; EUR/CHF is saying in consolidation from 1.1740 temporary top and intraday bias remains neutral. As long as 1.1630 minor...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5630; (P) 1.5706; (R1) 1.5773; Intraday bias in EUR/AUD remains neutral at this point. On the downside, decisive break of 1.5626 near term support will...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2924; (P) 1.2950; (R1) 1.2979; USD/CAD is staying in range of 1.2802/3000 and intraday bias remains neutral first. On the upside, break of 1.3000 will resume...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3926; (P) 1.3961; (R1) 1.3996; GBP/USD is losing some upside momentum as seen in 4 hour MACD. But with 1.3873 minor support intact, intraday bias stays on...

Trade war continued to be the main theme in the financial markets. In particular, investors are getting increasing concerned with the reported USD 40b tariffs on Chinese goods by the US. DOW closed...

Global markets tumbled on concern that US President Donald Trump is finally starting the steps towards a full blown trade war with China. DOW ended down -0.68%, or -171.58 pts at 25007.03. S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.90; (P) 148.63; (R1) 149.52; GBP/JPY’s corrective recovery from 144.97 is still in progress. Further rise could be seen but upside is expected to be...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8855; (P) 0.8870; (R1) 0.8890; With 0.8896 minor resistance intact, intraday bias in EUR/GBP remains on the downside. Fall from 0.8967 should target 0.8871...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7836; (P) 0.7867; (R1) 0.7888; AUD/USD lost momentum after failing to stay above 0.7892 resistance. Intraday bias is turned neutral first. We’re...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9414; (P) 0.9454; (R1) 0.9478; Intraday bias in USD/CHF remains neutral for the moment. At this point, further rise is still expected with 0.9356 support...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.51; (P) 147.86; (R1) 148.30; GBP/JPY is staying in the corrective move from 144.97 and intraday bias remains neutral. Further rise might be seen. But upside...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8847; (P) 0.8872; (R1) 0.8894; Intraday bias in EUR/GBP remains on the downside with 0.8896 minor resistance intact. Fall from 0.8967 should target 0.8871...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1668; (P) 1.1692; (R1) 1.1710; EUR/CHF is staying in consolidation below 1.1740 temporary top. Intraday bias remains neutral first. As noted before, pull...