ActionForex

Dollar tumbled steeply overnight on Fed chair Jerome Powell’s awkward dovish turn. Within a matter of weeks, interests rate went from being “long way from” to “just...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.24; (P) 128.54; (R1) 128.75; Intraday bias in EUR/JPY stays neutral for the moment. Also, near term outlook remains mildly bearish as long as 130.14...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5568; (P) 1.5639; (R1) 1.5694; Intraday bias in EURAUD remains on the downside for retesting 1.5519 low. Firm break there will resume whole fall from 1.6357...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1264; (P) 1.1304; (R1) 1.1332; Intraday bias in EUR/USD remains on the downside for 1.1215 support. Decisive break there will resume larger down trend for...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9973; (P) 0.9988; (R1) 1.0002; At this point, intraday bias remains neutral in USD/CHF. On the upside, break of 1.0006 minor support will argue that the pull...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7194; (P) 0.7231; (R1) 0.7264; No change in AUD/USD’s outlook as it’s bounded in range of 0.7164/7325. Intraday bias remains neutral first. On the...

Dollar turned mixed after yesterday rally attempt met with no follow through commitments from bulls. Trump reiterated his attack on Fed and on Jay Powell personally. Comments from Fed officials were...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.10; (P) 128.51; (R1) 129.09; EUR/JPY is staying in range of 127.49/129.10 and intraday bias remains neutral. Near term outlook stays mildly bearish as long...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5650; (P) 1.5676; (R1) 1.5719; EUR/AUD’s break of 1.5643 minor support suggests the corrective recovery from 1.5519 has completed at 1.5781 already....

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7195; (P) 0.7235; (R1) 0.7258; Intraday bias in AUD/USD remains neutral as consolidation from 0.7325 continues. On the upside, sustained break of 0.7314...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1307; (P) 1.1345; (R1) 1.1367; Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.1472 is in progress for retesting 1.1215...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9963; (P) 0.9978; (R1) 1.0003; USD/CHF’s recovery from 0.9908 is still in progress but upside is limited below 1.0006 minor resistance. Intraday bias...

The forex markets are in a rather mixed mode this week so far, except that clear strength is seen in USD/JPY. Euro’s rebound yesterday was rather brief as Italy eventually decided to stick with...

Australian Dollar leads commodity currencies mildly higher as week starts, following rebound in Asian markets. On the other hand, Yen, Dollar and Swiss Fran turn softer. Nevertheless, Chinese stock...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.64; (P) 128.29; (R1) 128.74; Intraday bias in EUR/JPY remains neutral at this point. Overall, as long as 130.14 resistance holds, deeper decline is in...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5628; (P) 1.5694; (R1) 1.5739; Intraday bias in EUR/AUD remains neutral first with focus on 1.5643 minor support. Break there will indicate completion of the...