Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.
- Market overviews covers major happenings in the markets as well as their impacts.
- Technical analysis of specific currency pair will be found in the technical outlook section. Covered pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY
- Special reports covers medium to longer term forecasts on exchange rates based on fundamentals, central bank meetings previews and reviews, plus any current issues that will have an impact on exchange rates.
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EURCHF Outlook |
Written by ActionForex.com |
Feb 04 12 05:22 GMT
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EUR/CHF edged further lower to 1.2031 last week but again, it continued to lose downside momentum ahead of SNB's 1.2 floor. There is no clear sign of bottoming and rebound yet. The cross could spiral lower again. But after all, we'd maintain that SNB should remain determined to defend the 1.2 floor in the cross. Hence, any downside should be contained there. And, EUR/CHF is indeed in a "buy zone". Though, there is no scope for a rebound in near term yet as markets would probably wait until confirmation of the next SNB president before reviving speculation of SNB raising the 1.2 floor. When that happens, EUR/CHF would likely be pushed through 1.2132 resistance back towards 1.25 level.
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EURCHF Outlook |
Written by ActionForex.com |
Jan 28 12 06:17 GMT
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EUR/CHF continued to spiral lower last week with very weak momentum. Further fall is still mildly in favor. But after all, we'd maintain that SNB should remain determined to defend the 1.2 floor in the cross. Hence, any downside should be contained there. And, EUR/CHF is indeed in a "buy zone". Though, there is no scope for a rebound in near term yet as markets would probably wait until confirmation of the next SNB president before reviving speculation of SNB raising the 1.2 floor. When that happens, EUR/CHF would likely be pushed through 1.2198 resistance back towards 1.25 level.
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EURCHF Outlook |
Written by ActionForex.com |
Jan 21 12 04:58 GMT
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EUR/CHF stabilized above 1.2061 temporary low last week and turned sideway. More consolidation might be seen this week but risk of another fall remains as long as 1.2198 resistance holds. However, even in case of another fall, we'd maintain that SNB should remain determined to defend the 1.2 floor in the cross. Hence, any downside should be contained there. Meanwhile, there is no scope for a rebound in near term yet. yet as markets would probably wait until confirmation of the next SNB president before revive speculation of SNB raising the 1.2 floor. When that happens, EUR/CHF would likely be pushed through 1.2198 resistance back towards 1.25 level.
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EURCHF Outlook |
Written by ActionForex.com |
Jan 15 12 05:03 GMT
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EUR/CHF spiraled lower last week after SNB Hildebrand's resignation as chairman. The cross broke 1.2121 support level and reached as low as 1.2061. Initial bias is mildly on the downside this week and deeper decline could be seen back to 1.2 psychological level. A breach is possible. However, we'd like to remind that SNB has set a floor at 1.2 and declared to defend this level with determination last week. There shouldn't be any change in this policy even with Hildebrand's resignation. Hence, EUR/CHF is now entering into to a buy zone. Above 1.2129 minor resistance will turn bias neutral first. Further break of 1.2198 should turn bias back to the upside for 1.24/5 level again.
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EURCHF Outlook |
Written by ActionForex.com |
Jan 07 12 12:50 GMT
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EUR/CHF attempted a rebound after making a temporary low at 1.2126 but upside was limited by 4 hours 55 EMA. The cross then weakened sharply towards the end of last week. It seems that the attempt to form a short term bottom on bullish convergence condition in 4 hours MACD was not successful. Initial bias is mildly on the downside this week for 1.2121 support level. Break of which will pave the way to test SNB's floor of 1.2. On the upside, though, break of 1.2198 minor resistance will indicate short term bottoming and should flip bias back to the upside to start another rising leg inside the sideway pattern between 1.2121 and 1.2472.
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EURCHF Outlook |
Written by ActionForex.com |
Dec 17 11 13:02 GMT
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EUR/CHF had a brief rally attempt last week but failed and reversed after SNB disappointed market by maintaining the EUR/CHF floor unchanged at 1.2. The cross the dived sharply to as low as 1.22037. The break of 1.2224 minor support suggest that deeper fall would be seen back towards 1.2121 support level. But we'd expect downside to be contained there to bring rebound to continue to consolidation.
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EURCHF Outlook |
Written by ActionForex.com |
Dec 15 11 12:42 GMT
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EUR/CHF's sharp fall today suggests that rebound from 1.2224 has finished at 1.2443 already. More importantly, recent consolidation from 1.2472 is still in progress and another falling leg has just started. Bias is mildly on the downside for 1.2224 and below. Though, strong support should be seen above 1.2121 and bring another rise to continue the sideway pattern. On the upside, sustained break of 1.2472 resistance is needed to confirm rally resumption. Otherwise, outlook will remain neutral. And, unless SNB does act, the neutral outlook shouldn't be changed.
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EURCHF Outlook |
Written by ActionForex.com |
Dec 15 11 05:21 GMT
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EUR/CHF recovered strongly from 1.2298 this week but is still bounded in familiar range so far, and thus, intraday bias remains neutral for more sideway trading. Recent price actions suggest that the consolidation pattern from 1.2472 is in form of triangle and might be finishing shortly. A break above 1.2443 resistance will be the first alert of break out and sustained trading above 1.2472 will confirm and pave the way to 1.28 and above, with a move that's exceeds the height of the triangle. However, a break below 1.2298 will indicate that the consolidation pattern is going to extend even further between 1.21/25.
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EURCHF Outlook |
Written by ActionForex.com |
Dec 10 11 03:32 GMT
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EUR/CHF edged higher to 1.2443 last week but lost momentum well ahead of 1.2472 key resistance and pulled back. Near term outlook remains neutral and recent sideway consolidation would likely continue between 1.2121 and 1.2472. Also, no change in our view that any dip to 1.22 would be seen as buying opportunity for 1.24. Meanwhile, there is risk for an upside breakout this week with SNB meeting featured. 1.2472/50 would be taken out if SNB announce to raise the floor. However, We'd maintain that strong break of 1.2472/2500 is needed to confirm rise resumption and should SNB decides not to act this time, range trading will continue.
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EURCHF Outlook |
Written by ActionForex.com |
Dec 02 11 18:42 GMT
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EUR/CHF dipped to 1.2224 last week but recovered since then. The structure of the price actions from 1.2456 argues that it's consolidating the rise from 1.2130 rather than being part of the consolidation pattern from 1.2472. But either case doesn't change the near term neutral outlook. More sideway trading would likely continue to be seen between 1.2121 and 1.2472. Any dip to 1.22 would be seen as buying opportunity for 1.24. But again, strong break of 1.2472/2500 is needed to confirm rise resumption. And we don't expect that happens unless SNB does put something into action. Otherwise, near term outlook will remain neutral.
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