ActionForex

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2857; (P) 1.2928; (R1) 1.2983; USD/CAD is staying in consolidation below 1.3000 temporary top and intraday bias remains neutral. Near term outlook remains...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9380; (P) 0.9411; (R1) 0.9465; USD/CHF is staying in range of 0.9321/9490 and intraday bias remains on the downside. On the upside, break of 0.9490 will...

The financial markets show that investors are well prepared for the steel and aluminum tariff by the US. Dow closed down just -0.33% overnight, at 24801.36. 10 year yield gained 0.006 to 2.883,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.61; (P) 147.31; (R1) 148.06; Intraday bias in GBP/JPY remains neutral as recovery from 144.97 temporary low is in progress. While further rise cannot be...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8908; (P) 0.8926; (R1) 0.8948; With 0.8877 minor support intact, further is expected in EUR/GBP/ Prior break of 0.8928 resistance indicates near term trend...

Dollar is broadly pressured on news of White House economic advisor Gary Cohn’s resignation. The dollar index dipped to as low as 89.42 and staying below 90 handle. EUR/USD is staying...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1611; (P) 1.1642; (R1) 1.1698; EUR/CHF surges to as high as 1.1673. Break of 1.1639 minor resistance argues that pull back from 1.1832 has completed at...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7775; (P) 0.7808; (R1) 0.7861; At this point, AUD/USD is staying in range above 0.7712 temporary low. Intraday bias remains neutral first. Near term outlook...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3826; (P) 1.3877; (R1) 1.3939; While GBP/USD’s recovery from 1.3711 extends, there is no sign of pick up in momentum. The pair is also bounded inside...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.71; (P) 146.41; (R1) 147.75; A temporary low is in place at 144.97 as GBP/JPY recovers. Intraday bias is turned neutral first. But still, outlook remains...

Market sentiments improved as some considered US President Donald Trump’s threat of trade war is merely a “political show”. And pressures from the Republicans and business executives...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.07; (P) 145.75; (R1) 146.53; Intraday bias in GBP/JPY remains on the downside. Current fall from 156.59 is in progress for 143.51 medium term fibonacci...

The forex markets are pretty steady in Asian session as an extremely busy week starts. Reactions to Italy election and Germany SPD vote on grand coalition were muted. Euro remains steady so far,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.73; (P) 146.60; (R1) 147.20; GBP/JPY's decline is still in progress and reaches as low as 145.62 so far. Intraday bias remains on the downside for 143.51...

The broader markets responded very negatively to US President Donald Trump's push for steel and aluminum import tariffs. DOW closed down -420 pts or -1.68% at 24608.98, breaking key near term support...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.82; (P) 147.67; (R1) 148.62; Intraday bias in GBP/JPY remains on the downside as fall from 156.59 is in progress. Considering bearish divergence condition...