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Action Insight Archives
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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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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 07:13 GMT
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EUR/USD's rebound from 1.3054 extends further to as high as 1.3386 so far today. the break of 1.3358 resistance indicates that pullback from 1.3496 is likely finished at 1.3054 already. Rebound from 1.2969 might be resuming. Intraday bias is now on the upside for 1.3496 first. Break will target 100% projection of 1.2969 to 1.3496 from 1.3054 at 1.3581. On the downside, break of 1.3054 support will turn focus back to 1.2969 low instead.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 07:06 GMT
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No change in GBP/USD's outlook as it's still bounded in range above 1.5343 short term bottom. More consolidations could be seen. Another rise cannot be ruled out as such consolidations continue but strong resistance should be seen at near term falling trend line (now at 1.5729) and bring fall resumption. Below 1.5343 will target 1.5296 key cluster support (50% retracement of 1.4230 to 1.6298 at 1.5264).
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 07:05 GMT
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USD/CHF's fall is still in progress and met mentioned target of 100% projection of 1.2296 to 0.9916 from 1.1729 at 0.9349. Intraday bias remains on the downside and further decline would no be seen towards 0.9 psychological level next, which is close to a key long term projection target. On the upside, 0.9437 minor resistance will turn intraday bias neutral and bring consolidations. But outlook will remain bearish as long as 0.9663 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:57 GMT
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No change in the near term bearish outlook in USD/JPY. With 83.52 resistance intact, current fall from 84.49 is still expected to continue to retest 80.29 low. and possibly further to 79.75 key support level. On the upside, break of 82.53 resistance will indicate that a short term bottom is formed and bring lengthier consolidation before staging another decline.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:52 GMT
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With 4 hours MACD staying below signal line, a temporary top is in place at 1.0196 and some more sideway consolidations would be seen below there. Though, downside of retreat should be contained by 1.0027 support and bring another rise. Above 1.0196 will target 61.8% projection of 0.8770 to 1.0181 from 0.9536 at 1.0408.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:51 GMT
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Intraday bias in USD/CAD remains neutral for the moment. As noted before, while another fall cannot be ruled out yet, we're still aware of strong support between 0.9929/9977 to contain downside and bring yet another rebound. On the upside, above 1.0054 minor resistance will flip intraday bias back to the upside for 1.0207 resistance.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:44 GMT
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EUR/GBP's rally extends further today and touches mentioned 50% retracement of 0.8940 to 0.8333 at 0.8637. At this point, we're still expecting strong resistance between 0.8594 and 0.8651 to limit upside to conclude the consolidation from 0.8333 and bring resumption of fall from 0.8940 eventually. Below 0.8502 support will flip bias back to the downside for 0.8333/8347 support zone. However, decisive break of 0.8651 resistance will dampen this will and bring stronger rise to falling trend line resistance (now at 0.8856) next.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:43 GMT
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At this point, further decline is still expected in EUR/CHF with 1.2696 resistance intact. Current fall from 1.3833 would extend towards 61.8% projection of 1.5138 to 1.2765 from 1.3833 at 1.2366 first. Break will put 1.2 psychological level into focus. On the upside, above 1.2696 resistance will bring another rebound. But after all, outlook will remain bearish as long as 1.2932 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:35 GMT
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GBP/JPY's downside momentum is diminishing mildly but still, intraday bias remains ont he downside for further decline. The break of 126.42 support confirms that whole medium term choppy fall from 163.05 has resumed for 118.81 low. On the upside, above 126.92 minor resistance will turn intraday bias neutral and bring recovery. But break of 129.32 resistance is needed to be the first signal of reversal. Otherwise, near term outlook will remain bearish.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:05 GMT
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EUR/JPY's recovery from 107.60 extends further and the developments suggests that a short term bottom is in place with bullish convergence condition in 4 hours MACD. Intraday bias is turned neutral and stronger recovery could be seen to 109.50 resistance and above. But after all, near term outlook will remain bearish as long as 112.18 resistance holds. Whole decline from 115.65 is still in favor to continue and below 107.60 will target a retest on 105.42 low.
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Action Insight Archives |
Written by ActionForex.com |
Dec 31 10 06:04 GMT
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The forex markets are pretty steady in the last day of 2010. Euro got a lift on short covering in crosses as well as by comments from German Chancellor Merkel. Merkel said in an advance text of new year speech to the nation that Euro is far more than just a "currency", but the "foundation" of German economy. She urged that "we must strengthen the euro" as "Europe is in the midst of a great test." The common currency is seen noticeably higher against Swiss Franc and Australian dollar. Short covering in these two deeply oversold crosses helped lift Euro higher against dollar and yen and extended EUR/GBP's rebound.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 14:37 GMT
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EUR/CHF dives further to as low as 1.2401 so far today and at this point, intraday bias remains on the downside for 61.8% projection of 1.5138 to 1.2765 from 1.3833 at 1.2366 first. Break will put 1.2 psychological level into focus. On the upside, above 1.2696 resistance will bring another rebound. But after all, outlook will remain bearish as long as 1.2932 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 14:25 GMT
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EUR/USD's recovery from 1.3054 extends further today but is still limited below 1.3358 resistance. There is no indication that rise from 1.2969 is resuming yet. We'll stay neutral. On the downside, below 1.3054 will bring another fall to 1.2969. Break will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 14:21 GMT
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Intraday bias in GBP/USD is neutral for the moment as consolidations from 1.5343 continues. Another rise cannot be ruled out as such consolidations continue but strong resistance should be seen at near term falling trend line (now at 1.5743) and bring fall resumption. Below 1.5343 will target 1.5296 key cluster support (50% retracement of 1.4230 to 1.6298 at 1.5264).
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 14:21 GMT
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Near term outlook in USD/JPY remains bearish with 82.53 resistance intact. Current fall from 84.49 is expected to extend further to retest 80.29 low first, and possibly further to 79.75 key support level. On the upside, break of 82.53 resistance will indicate that a short term bottom is formed and bring lengthier consolidation before staging another decline.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 14:02 GMT
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USD/CHF drops further to as low as 0.9417 so far in early US session and remains week. Intraday bias remains on the downside for mentioned target of 100% projection of 1.2296 to 0.9916 from 1.1729 at 0.9349 next. Break will target 0.9 psychological level next, which is close to a key long term projection target. On the upside, 0.9455 minor resistance will turn intraday bias neutral and bring consolidations. But outlook will remain bearish as long as 0.9663 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 14:01 GMT
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Swiss Franc continues to be strong on safe-haven demand and reaches new record high against Dollar, Euro and Sterling today. The swissy is viewed as a hedging vehicle for global risks including, in particular, Eurozone peripheral country's fiscal problems. Economy in Switzerland is so far solid and SNB has refrained from intervention for some time. There are also position adjustments activities ahead of year end and the moves are over-extended by the thin nature of holiday markets.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 07:40 GMT
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With 4 hours MACD crossed above signal line, intraday bias in USD/CAD is turned neutral for the moment. As noted before, while another fall cannot be ruled out yet, we're still aware of strong support between 0.9929/9977 to contain downside and bring yet another rebound. On the upside, above 1.0054 minor resistance will flip intraday bias back to the upside for 1.0207 resistance.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 07:36 GMT
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Further decline is still expected in GBP/JPY with 127.99 resistance intact, towards 126.42 key support first. Break will confirm that medium term fall from 163.05 has resumed towards 118.81 low. On the upside, above 127.99 minor resistance will turn intraday bias neutral and bring recovery. But break of 129.32 resistance is needed to be the first signal of reversal. Otherwise, near term outlook will remain bearish.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 07:35 GMT
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Further decline is still in favor in EUR/JPY with 109.50 minor resistance intact. Whole decline from 115.65 should extend for a retest on 105.42 low. On the upside, above 109.50 resistance will indicate that a short term bottom is formed and bring strong rebound towards 112.18 instead.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 07:24 GMT
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No change in EUR/GBP's outlook. Another could still be seen to 50% retracement of 0.8940 to 0.8333 at 0.8637. But after all, we'd continue to expect strong resistance between 0.8594 and 0.8651 to limit upside to conclude the consolidation from 0.8333 and bring resumption of fall from 0.8940 eventually. On the downside, below 0.8445 minor support will flip intraday bias back to the downside for 0.8333 support first. Further break there will confirm that whole fall from 0.8940 has resumed for 0.8067 low and below.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 07:21 GMT
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Intraday bias in EUR/CHF remains cautiously on the downside for 1.2437 support. Break will confirm that recent decline has resumed and should target 61.8% projection of 1.5138 to 1.2765 from 1.3833 at 1.2366 first. Break will put 1.2 psychological level into focus. On the upside, above 1.2696 resistance will bring another rebound. But after all, outlook will remain bearish as long as 1.2932 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 07:05 GMT
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AUD/USD jumps to new record high at 1.0196 today and remains firm. Intraday bias remains on the upside for further rally. The break of 1.0181 resistance indicates up trend resumption and further rise should be seen towards 61.8% projection of 0.8770 to 1.0181 from 0.9536 at 1.0408. On the downside, below 1.0110 minor support will turn intraday bias neutral and bring consolidations. But downside should be contained above 0.9830 support and bring another rise.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 06:20 GMT
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No change in EUR/USD's outlook as it's still bounded in tight range above 1.3054. Another fall is still in favor with 1.3358 minor resistance intact. Below 1.3054 will target a retest on 1.2969 and break there will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 06:18 GMT
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GBP/USD's break of 1.5509 minor resistance suggests that a short term bottom is formed at 1.5343 on bullish convergence condition in 4 hours MACD. Intraday bias is mildly on the upside for further rebound, possibly towards falling trend line resistance at 1.5741. Nevertheless, note that fall from 1.6298 is still expected to continue as long as 1.5909 resistance holds. Below 1.5343 will bring fall resumption to 1.5296 key cluster support (50% retracement of 1.4230 to 1.6298 at 1.5264). However, break of 1.5909 resistance will indicate that fall from 1.6298 is over and rise from 1.4230 is still in progress for another high.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 06:03 GMT
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Intraday bias in USD/CHF remains on the downside and current decline, which is part of the larger down trend, should target 100% projection of 1.2296 to 0.9916 from 1.1729 at 0.9349 next. On the upside, above 0.9532 minor resistance will turn intraday bias neutral and bring recovery. But outlook will remain bearish as long as 0.9663 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 05:28 GMT
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USD/JPY's fall resumes after brief recovery and reaches as low as 81.28 today so far. Near term outlook will remain bearish as long as 82.53 resistance holds. Current decline should continue for a test on 80.29 low or even further to 79.75 key support level. On the upside, above 82.53 will 82.53 will indicate that a short term bottom is formed and bring lengthier consolidation before staging another decline.
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Action Insight Archives |
Written by ActionForex.com |
Dec 30 10 05:27 GMT
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Dollar volatility continued to be driven by treasury yield this week's thin market. Yields once again fell after the $29b auction of seven-year notes surprisingly drew solid demand. Bid-to-cover ratio was at 2.86 comparing to 2.63 at November's sale. More importantly, indirect bidders, which is viewed as a proxy of foreign buyers including central banks, took 64.2% on offer, highest since June 2009 and was much stronger than average of 49.9% for the past four auctions.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 13:57 GMT
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EUR/USD is still bounded in sideway consolidations form 1.3054 and intraday bias remains neutral for the moment. Another fall is still in favor with 1.3358 minor resistance intact. Below 1.3054 will target a retest on 1.2969 and break there will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 13:52 GMT
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Intraday bias in GBP/USD remains on the downside for the moment and further decline should be seen to 1.5296 key cluster support (50% retracement of 1.4230 to 1.6298 at 1.5264). Note that decisive break there will indicate that whole rise from 1.4230 is finished too and will turn outlook bearish for this support. On the upside, above 1.5509 will turn intraday bias neutral again and bring another recovery. But near term outlook will stay bearish as long as 1.5909 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 13:51 GMT
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Near term outlook in USD/CHF remains bearish with 0.9663 resistance intact. Current fall from 1.0065, which is treated as part of the larger down trend, should still be in progress for 100% projection of 1.2296 to 0.9916 from 1.1729 at 0.9349 next. On the upside, though, break of 0.9663 resistance will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD and will bring stronger rebound.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 13:33 GMT
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Swiss Franc and Japanese yen remain firm but momentum is diminishing mildly as we're approaching year end. Risk aversion is supporting both currencies somewhat. China PBoC raised interest rate charges banks on some funding facilities. The one-year refinancing rate was raised by 0.52% to 3.85%. Also, the rediscount rate was raised by 0.45% to 2.25%. This came rise after PboC raised deposit and lending rates by a quarter-point over the weekend. Reactions to the news is so far mild.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 13:32 GMT
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USD/JPY continues to consolidate above 81.81 temporary low for the moment and intraday bias remains neutral. Stronger recovery might be seen but upside should be limited by 4 hours 55 EMA (now at 83.01) and bring fall resumption. As noted before, whole rebound from 80.29 should have finished at 84.49 already. Below 81.81 will target a test on 80.29 low.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 05:44 GMT
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Intraday bias in GBP/JPY remains on the downside and further decline should be seen to retest 126.42 key support first. Break will confirm that medium term fall from 163.05 has resumed towards 118.81 low. On the upside, above 127.99 minor resistance will turn intraday bias neutral and bring recovery. But break of 129.32 resistance is needed to be the first signal of reversal. Otherwise, near term outlook will remain bearish.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 05:42 GMT
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EUR/JPY's fall extends further to as low as 107.61 so far and the strong break of 108.38/41 support zone confirm that whole decline from 115.65 has resumed. Intraday bias remains on the downside and deeper fall should be seen to retest 105.42 low. On the upside, above 109.50 minor resistance will bring recovery. But risk will remain on the downside as long as 112.18 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 05:36 GMT
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While further rebound might still be seen in EUR/GBP towards 50% retracement of 0.8940 to 0.8333 at 0.8637, we'd continue to expect strong resistance between 0.8594 and 0.8651 to limit upside to conclude the consolidation from 0.8333 and bring resumption of fall from 0.8940 eventually. On the downside, below 0.8445 minor support will flip intraday bias back to the downside for 0.8333 support first. Further break there will confirm that whole fall from 0.8940 has resumed for 0.8067 low and below.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 05:35 GMT
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As noted before, EUR/CHF's recovery from 1.2437 should have completed at 1.2696 after hitting 4 hours 55 EMA. Intraday bias is cautiously on the downside for 1.2437 and break will confirm fall resumption towards 61.8% projection of 1.5138 to 1.2765 from 1.3833 at 1.2366 next. On the upside, above 1.2696 will bring more correction. But outlook will remain bearish as long as 1.2932 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 05:18 GMT
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USD/CAD recovers mildly after dropping to as low as 0.9973 and broke 0.9977 support. Intraday bias remains on the downside for the moment and further decline might be seen. But we're still aware of strong support between 0.9929/9977 to contain downside and bring yet another rebound. On the upside, above 1.0049 minor resistance will flip intraday bias back to the upside for 1.0207 resistance.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 05:13 GMT
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Intraday bias in AUD/USD remains on the upside and further rise should be seen towards 1.0181 high first. Break will confirm up trend resumption for 61.8% projection of 0.8770 to 1.0181 from 0.9536 at 1.0408. On the downside, below 0.9986 minor support will argue that rebound form 0.9536 might be finished and will turn focus to 0.9830 support for confirmation.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 04:57 GMT
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EUR/USD's consolidations from 1.3054 is still in progress and intraday bias remains neutral. At this moment, another fall is still in favor with 1.3358 minor resistance intact. Below 1.3054 will target a retest on 1.2969 and break there will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 04:49 GMT
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GBP/USD's break of 1.5355 support indicates that recent decline has resumed. Intraday bias is back on the downside and further fall should be seen to 1.5296 key cluster support (50% retracement of 1.4230 to 1.6298 at 1.5264). Note that decisive break there will indicate that whole rise from 1.4230 is finished too and will turn outlook bearish for this support. On the upside, above 1.5509 will turn intraday bias neutral again and bring another recovery. But near term outlook will stay bearish as long as 1.5909 resistance holds.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 04:48 GMT
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USD/JPY recovers strongly after hitting as low as 81.81 and break of 82.35 minor resistance indicates that a temporary low is formed. Intraday bias is turned neutral for the moment. Some recovery might be seen but strong resistance should be seen at 4 hours 55 EMA (now at 83.11) and bring fall resumption. As noted before, whole rebound from 80.29 should have finished at 84.49 already. Below 81.81 will target a test on 80.29 low.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 04:40 GMT
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USD/CHF recovers mildly after making record low at 0.9434. But after all, near term outlook remains bearish with 0.9663 resistance intact. Current fall from 1.0065 is treated as part of the larger down trend and should target 100% projection of 1.2296 to 0.9916 from 1.1729 at 0.9349 next. On the upside, though, break of 0.9663 resistance will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD and will bring stronger rebound.
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Action Insight Archives |
Written by ActionForex.com |
Dec 29 10 04:39 GMT
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Swiss Franc continues to be the strongest currency this month, along with some noticeable strength in the Japanese yen in thin trading. Safe haven flows continued from Euro and Sterling to Swissy after after ECB said it failed to fully sterilize the excessive liquidity provided to the market since May. So as to fight against sovereign crisis, the ECB implemented a Securities Market Program allowing the central bank to buy government bonds. While the ECB pledged the purchases would be sterilized via deposits, recent data showed that it only absorbed from money markets 60.78B euro out of the 73.5B euro of liquidity it provided. EUR/CHF and GBP/CHF, as well as USD/CHF continue to trade near to record lows made recently.
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Action Insight Archives |
Written by ActionForex.com |
Dec 28 10 15:58 GMT
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Dollar's selloff extends further today and, in particular, reaches new record low against Swiss Franc. Treasury yields recover in early US session but gives little support to the greenback. Gold rides on dollar's weakness and jumps back to above 1400 level while crude oil is steady above 91. Both are giving strong support to commodity currencies with AUD/USD heading towards 1.0181 record high while USD/CAD breaks below parity again. Nevertheless, Euro and Sterling are both relatively weak as selling pressures build up in respective swiss and yen crosses.
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Action Insight Archives |
Written by ActionForex.com |
Dec 28 10 14:55 GMT
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EUR/USD's consolidations from 1.3054 is still in progress and intraday bias remains neutral. At this moment, another fall is still in favor with 1.3358 minor resistance intact. Below 1.3054 will target a retest on 1.2969 and break there will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 will indicate that fall from 1.3496 is possibly over and rebound from 1.2969 might be resuming for another high above 1.3496.
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Action Insight Archives |
Written by ActionForex.com |
Dec 28 10 14:54 GMT
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GBP/USD's consolidations from 1.5355 is still in progress and intraday bias remains neutral for the moment. Some more consolidations could still be seen. But after all, even in case of stronger rebound, upside should be limited well below 1.5909 resistance and bring another fall. Below 1.5355 will target 1.5296 key cluster support (50% retracement of 1.4230 to 1.6298 at 1.5264). Note that decisive break there will indicate that whole rise from 1.4230 is finished too and will turn outlook bearish for this support.
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Action Insight Archives |
Written by ActionForex.com |
Dec 28 10 14:29 GMT
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USD/CHF falls to as low as 0.9434 so far today and the break of 0.9462 low confirms that recent down trend has resumed. Intraday bias remains on the downside and further decline should be seen to next target of 100% projection of 1.2296 to 0.9916 from 1.1729 at 0.9349. On the upside, break of 0.9663 resistance is needed to confirm short term bottoming. Otherwise, outlook will remain bearish even in case of recovery.
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Action Insight Archives |
Written by ActionForex.com |
Dec 28 10 14:09 GMT
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USD/JPY's fall accelerates further today and reaches as low as 81.82 so far. The strong break of 82.33 support indicates that whole rebound from 80.29 is completed. Intraday bias remains on the downside and deeper decline should be seen to retest 80.29 low. On the upside, above 82.35 minor resistance will turn intraday bias neutral and bring recovery. But strong resistance should be seen at 4 hours 55 EMA (now at 83.24) to limit upside and bring another fall.
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Action Insight Archives |
Written by ActionForex.com |
Dec 28 10 10:01 GMT
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USD/CAD drops again as recent choppy sideway trading continues and intraday bias is back on the downside for parity and possibly further to 0.9977 support and below. But after all, we'd still expect strong support between 0.9929/9977 to contain downside and bring yet another rebound. On the upside, above 1.0113 minor resistance will flip intraday bias to the upside and target upper trend line resistance again (now at 1.0231).
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Forex Brokers
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