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European Recession Revisited

rss: Action Forex • Fundamental Analysis • Published Sat, 23 Mar 2019 08:27 GMT

Fears of a Eurozone recession are back in the headlines today after a series of disappointing PMI figures from the currency bloc. The March manufacturing PMI declined more than expected to 47.6, the lowest level since 2013 (Figure 1). Some individual coun...

China Weekly Letter: High-Level Trade Talks Resume, Enforcement the Key Hurdle

rss: Action Forex • Fundamental Analysis • Published Sat, 23 Mar 2019 03:59 GMT

High-level trade talks resume, disagreement on enforcement the big hurdle. Metal markets still underpin a recovery, otherwise little macro news this week. Xi Jinping visits Europe amid concern over Italy signing memorandum on the Belt and Road Initiative....

The Weekly Bottom Line: When The Dots Are Down

rss: Action Forex • Fundamental Analysis • Published Sat, 23 Mar 2019 03:45 GMT

U.S. Highlights The Fed] The post The Weekly Bottom Line: When The Dots Are Down appeared first on Action Forex....

Dollar Recovers Fed Driven Losses on Safe-haven Flows

rss: Action Forex • Fundamental Analysis • Published Sat, 23 Mar 2019 03:35 GMT

The US dollar had a wild week, finishing the week mixed against its major trading partners, as market participants reassess the effects of the Feds dovish commitment and how much weaker the German economy will become....

Steady as She Goes RBNZ OCR Preview

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 16:32 GMT

The RBNZ is likely to repeat the key messages from February, including ] The post Steady as She Goes RBNZ OCR Preview appeared first on Action Forex....

March 22, 2019 : GBPUSD Intraday technical levels and trade recommendations.

rss: Technical Analysis • Published Fri, 22 Mar 2019 16:26 GMT

On January 2nd, the market initiated the depicted uptrend line around 1.2380.This uptrend line managed to push price towards 1.3200 before the GBP/USD pair came to meet the uptrend again around 1.2775 on February 14.Another bullish wave was demonstrated t...

Weekly Economic and Financial Commentary: A Wait-and-See Approach

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 16:24 GMT

U.S. Review A Wait-and-See Approach The unanimous decision by the FOMC to keep rates unchanged this week was widely expected, but the committee] The post Weekly Economic and Financial Commentary: A Wait-and-See Approach appeared first on Action Forex....

Cliff Notes: FOMC Guard Against Risks

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 16:08 GMT

Key insights from the week that was. Beginning with the RBA minutes, the Board has taken a step closer to cutting rates by emphasising the near-term importance of data releases. As highlighted by our Chief Economist Bill Evans, as the forecasts are only r...

Week ahead RBNZ Meets, Trade Talks Resume, and More Brexit in Store

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 16:07 GMT

After a hectic week that saw the Fed officially abandon its rate-hike plans for this year and several developments in the Brexit saga, things could quiet down a little. The only major central bank to meet next week will be the Reserve Bank of New Zealand ...

Weekly Focus Dovish Central Bankers Give Their Verdict

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 16:03 GMT

Market movers ahead US PCE core inflation is expected to remain at 1.9% y/y i.e. below the Fed] The post Weekly Focus Dovish Central Bankers Give Their Verdict appeared first on Action Forex....

Bitcoin analysis for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 15:52 GMT

BTC went fast lower and tested the level of $3.862 yesterday and today we got upward correction.According to the H1 time frame, the analysis from yesterday is still valid and we still expect downside. The is the down break of the upward trendline in the ...

EUR / USD plan for the European session on March 22. The trick of Fed has failed

rss: Technical Analysis • Published Fri, 22 Mar 2019 15:31 GMT

To open long positions on EUR / USD pair, you need: Euro buyers quickly came to life yesterday after a sharp rise in the pair amid Fed statements. At the moment, growth is limited by the resistance of 1.1396 and opens two possible scenarios. One of which ...

Fractal analysis of major currency pairs on March 22

rss: Technical Analysis • Published Fri, 22 Mar 2019 15:26 GMT

Dear colleagues, For the EUR/USD pair, we are following the descending structure from March 20. The downward movement to the bottom is expected to continue after the breakdown of 1.1265. For the GBP/USD pair, we follow the development of the downward stru...

US: Existing Home Sales Surge in February

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 15:19 GMT

After declining the previous month, existing home sales surged 11.8% to 5.51 million units (annualized) in February. The outturn was better than the consensus forecast that called for a 3.2% showing. The gain was concentrated in the single-family market s...

Analysis of Gold for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 15:08 GMT

Gold has been trading upward during the past 20 hours but the upward movement may come to the end.According to the M30 time frame, we found that bearish flag in our opinion it is just question of the time when we will see the down break. Intraday support...

Experts have named the main reasons for the weakening dollar this year

rss: Technical Analysis • Published Fri, 22 Mar 2019 14:54 GMT

Morgan Stanley analysts believe that the three main factors that pushed the dollar rate higher last year could lose their strength in 2019, thereby causing the US currency to weaken. "The divergence in the economic growth of the United States and the rest...

Canadian CPI Edged Higher in February But Remains Well Short of 2%

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 14:09 GMT

Headline CPI edged up to 1.5% year-over-year from 1.4% in January, slightly ahead of market expectations. The BoCs core inflation measures were little changed, though the average dipped to 1.8% after rounding. After rising to 2% in early-2018, these measu...

Canadian Retail Sales Still Soft in January

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 14:08 GMT

Retail sales dipped 0.3% in January as auto sales fell and gasoline prices declined. Excluding prices, volume sales were unchanged for a second straight month in January. They are still up 1.8% year-over-year but have been essentially unchanged over the l...

The dollar follows in the footsteps of the euro

rss: Technical Analysis • Published Fri, 22 Mar 2019 13:49 GMT

Currencies of the banks were the same. The American dollar reiterated the fate of the single European currency. First, it seriously sinks after the meeting of the Central Bank and then quickly regaining lost positions. During their March meetings, both th...

Canada: Retail Spending Starts 2019 on the Back Foot

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 13:20 GMT

Retail sales fell 0.3% month-on-month in January. This matched the (downwardly revised) drop in December, and came in below the consensus call for a 0.4% rise. Stripping out price movements, sales volumes were essentially unchanged (-0.0%), with December]...

Canadian Consumer Price Inflation Edges Up to 1.5% in February

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 13:19 GMT

The consumer price index rose up 1.5% from year-ago levels in February, a tick above the median consensus forecast for price growth to remain steady at 1.4%. Food price growth accelerated to 3.2% year-on-year (from 2.8% in January) while clothing and foot...

Terrible German PMI Data Sinks Global Stocks and Euro

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 13:18 GMT

Stocks ] The post Terrible German PMI Data Sinks Global Stocks and Euro appeared first on Action Forex....

Canada Inflation Climbs, While Retail Sales Decline

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 12:48 GMT

Canadian inflation climbs Canadian inflation rose last month at a slightly faster-than-expected pace, pushed higher by increased costs associated with mortgage payments and fresh vegetables. According to Stats Canada, Canadas CPI climbed +1.5% y/y in Febr...

EUR/CHF 1H Chart: Downside potential

rss: Technical Analysis • Published Fri, 22 Mar 2019 12:11 GMT

The EUR/CHF currency pair has been testing strong resistance level formed by the Fibonacci 23.60% retracement at 1.1385. ...

EUR/GBP 1H Chart: Short-term decrease expected

rss: Technical Analysis • Published Fri, 22 Mar 2019 12:10 GMT

The Euro has been depreciating against the British Pound since the beginning of 2019. This movement has been bounded in the falling wedge pattern. ...

EURUSD 1.1290 Critical Support

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 12:04 GMT

The euro currency has tumbled lower against the US dollar on Friday, following much weaker than expected PMI Manufacturing data from the German economy. If the EURUSD pair falls below the 1.1290 level traders should expect heavy technical selling to resum...

USDJPY Back To Major Support

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 12:03 GMT

The US dollar has moved back towards major weekly support against the Japanese yen currency after a brief correction back to the 111.00 level. A sustained move below the 110.40 support level should signal the next bear move towards the 109.80 level. Bulls...

WTI Oil Outlook: Bulls May Correct Further After Initial Failure At Psychological $60 Barrier

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 11:55 GMT

WTI oil stands at the back foot on Friday and eases to $59.30 after bulls ran out of steam and failed to close above cracked $60 barrier in repeated attempt. Overbought daily studies and bearish divergence on slow stochastic suggest consolidative / correc...

EU Stocks Could Rebound Despite Recession Concerns

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 11:51 GMT

Earlier, the euro and European stock markets sunk after purchasing managers in the services and particularly manufacturing sectors reported sharply deteriorating conditions for March. The bleak PMI numbers raised recessionary concerns, causing investors t...

Flash Comment: Growing Manufacturing Abyss Challenges Eurozone Outlook

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 11:48 GMT

Today] The post Flash Comment: Growing Manufacturing Abyss Challenges Eurozone Outlook appeared first on Action Forex....

GBPJPY Loses Ground, Neutral In Near Term

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 11:22 GMT

GBPJPY had another bearish start on Friday, with the price breaking the crucial 23.6% Fibonacci retracement level of the upleg from 132.48 to 148.85, around 145.00. The technical indicators in the 4-hour chart are endorsing this view, with the RSI reversi...

EURGBP Runs To 1-Month Highs, Tests Upper Bollinger Band

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 11:21 GMT

EURGBP pierced the 50-day moving average and a key support and resistance area around 0.8690 on Thursday to reach a one-month high of 0.8726. Gains though appeared short-lived, with the price starting Fridays trading in negative mood. Meanwhile in momentu...

EUR/JPY Declines After German Data Release

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 11:19 GMT

Downside risks have continued to dominate the single European currency against the Japanese Yen since yesterday] The post EUR/JPY Declines After German Data Release appeared first on Action Forex....

AUD/USD Finds Support At 0.7090

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 11:18 GMT

Downside risk dominated the Australian Dollar against the US Dollar on Thursday. The Aussie depreciated about 1.07% in value against the Greenback during yesterday] The post AUD/USD Finds Support At 0.7090 appeared first on Action Forex....

AUD/USD Outlook: Aussie Extends Weakness After Bulls Were Strongly Rejected

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 11:10 GMT

The Aussie dollar remains in red on Friday and cracks significant technical support at 0.7095 (converged 10/20SMA] The post AUD/USD Outlook: Aussie Extends Weakness After Bulls Were Strongly Rejected appeared first on Action Forex....

EUR In The Doldrums As Risk Sentiment Worsens

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 10:52 GMT

Risky assets on sale as German PMI slides The last FOMC meeting left undeniable after-effects on investors mind-set. The last two days of trading clearly shows that market participants dont know where to stand. Equities rallied sharply yesterday afternoon...

Dollar Supported By Risk Aversion Trading

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 10:50 GMT

Friday March 22: Five things the markets are talking about Global equities are trading mixed after the European Union agreed Thursday to a short Brexit delay. Investors are also weighing up further signs of a sluggish global economy as a plethora of G7 ce...

EUR/USD Analysis: Trades Sideways

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 10:46 GMT

During Thursday] The post EUR/USD Analysis: Trades Sideways appeared first on Action Forex....

GBP/USD Analysis: Highly Volatiles

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 10:45 GMT

During Thursday] The post GBP/USD Analysis: Highly Volatiles appeared first on Action Forex....

USD/JPY Analysis: Could Depreciate To 110.00

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 10:44 GMT

During Thursday] The post USD/JPY Analysis: Could Depreciate To 110.00 appeared first on Action Forex....

XAU/USD Analysis: Surges To Medium Pattern Lne

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 10:43 GMT

During Thursday] The post XAU/USD Analysis: Surges To Medium Pattern Lne appeared first on Action Forex....

Brexit Extended As Poor PMIs Raise Eurozone Recession Concerns

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 10:42 GMT

The EUR/GBP has been on a rollercoaster ride over the past couple of weeks as market participants reacted to the latest Brexit headlines while keeping a close eye on a deteriorating Eurozone economy. The Chunnels volatility spiked further since last night...

Major Euro Zone Flash Manufacturing PMI Paints A Dismal Picture, German 10-Years Turns Negative

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 10:40 GMT

Notes/Observations EU avoid a hard Brexit from occurring next week gives UK an extra two weeks unconditional extension to Apr 12th Weaker EU data prompted risk aversion flows German 10-year turns negative for the 1st time since Oct 2016 Major European PMI...

Investors Assess The Summit Of EU Leaders. The Dollar Index Has Been Growing

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 10:35 GMT

The US dollar is recovering losses against currency majors. It should be recalled that the US currency was under pressure after the Fed comments. The regulator reported it would not consider interest rates rise in the current year. Optimistic economic dat...

Technical analysis of USD/CHF for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 10:21 GMT

Overview: On the one-hour chart, the USD/CHF pair continues moving in a bullish trend from the support levels of 0.9895 and 0.9948. Currently, the price is in an upward channel. This is confirmed by the RSI indicator signaling that the pair is still in ...

USD Corrects Higher After FOMC Decision Drop

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 10:19 GMT

The USD was stronger yesterday as a correction at higher grounds took place yesterday after the drop caused by the FOMC interest rate decision on Wednesday. Investors seemed to favor USD long positions across the board as the market rebounded after the in...

Technical analysis of USD/CAD for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 10:05 GMT

Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. Today, the first support level is currently seen at 1.3228. The price is moving in a bullish channel now. Furthermore, the price has set above the strong support at the level...

Dollar Roars Back, Euro Crumbles On Soft PMIs

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 10:04 GMT

Dollar recoups Fed losses as other currencies soften Stocks climb amid renewed trade optimism Pound trims losses as EU offers short extension Euro plunges after Germanys manufacturing PMI signals more pain ahead Dollar roars back, recoups Fed losses The U...

Gold tests the 1,320.00 level

rss: Technical Analysis • Published Fri, 22 Mar 2019 10:01 GMT

On Friday morning gold prices were surging up without any technical resistance level as high as the 1,320.00 level. The rate was expected to test a pivot point at 1,321.00 and ...

Technical analysis of EUR/USD for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 10:00 GMT

Overview: The EUR/USD pair is trading around the daily pivot point (1.1393). It continued to move downwards from the level of 1.1393 to the bottom around 1.1335. This week, the first resistance level is seen at 1.1393 followed by 1.1426, while the first...

USD/JPY Outlook: Pivotal Supports Under Renewed Pressure, Break Could Spark Stronger Acceleration

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:58 GMT

The pair returns to red on Friday and focuses pivotal supports at 110.35/22 (Fibo 23.6% of 104.59/112.13 / 55SMA) after recovery attempts on Thursday were short-lived and stayed below 30SMA (111.06) maintaining bearish bias. Rising bearish momentum on dai...

Euro Plunges On German Manufacturing Woes

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 09:56 GMT

Brexit extension means more sterling volatility for longer Sterling is as volatile as you would expect one week from the initially scheduled Brexit day as traders continue to weigh up the risks of no-deal Brexit against what an extension does for May] The...

USDJPY Halts Weakness With Eyes On More Recovery

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:51 GMT

USDJPY eyes more recovery following its price halt on Thursday. As long as it stays above the 110.35 support zone, more price strength is expected. On the upside, resistance comes in at 111.50 level. Above this level will turn attention to the 112.00 leve...

GBP/USD Outlook: Bears Take A Breather After Brexit Delay Approval

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:49 GMT

Sterling stands at the front foot in early Friday] The post GBP/USD Outlook: Bears Take A Breather After Brexit Delay Approval appeared first on Action Forex....

Crude Oil Look For 59.00

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:35 GMT

Pivot (invalidation): 60.25 Our preference Short positions below 60.25 with targets at 59.55 & 59.00 in extension. Alternative scenario Above 60.25 look for further upside with 60.65 & 60.95 as targets. Comment A break below 59.55 would trigger a drop tow...

Silver Spot Key Resistance At 15.5600

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:33 GMT

Pivot (invalidation): 15.5600 Our preference Short positions below 15.5600 with targets at 15.3500 & 15.2400 in extension. Alternative scenario Above 15.5600 look for further upside with 15.6300 & 15.6900 as targets. Comment As Long as 15.5600 is resistan...

Gold Spot 1298.50 In Sight

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:32 GMT

Pivot (invalidation): 1314.00 Our preference Short positions below 1314.00 with targets at 1303.00 & 1298.50 in extension. Alternative scenario Above 1314.00 look for further upside with 1320.50 & 1326.00 as targets. Comment As Long as the resistance at 1...

GBP/USD traders remain short

rss: Technical Analysis • Published Fri, 22 Mar 2019 09:30 GMT

On Friday the GBP/USD was trading near the 1.3100 level. In general, the rate was still mostly reacting to fundamental Brexit news. It makes sharp moves Brexit announcements. When the news ...

DAX Key Resistance At 11640.00

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:22 GMT

Pivot (invalidation): 11640.00 Our preference Short positions below 11640.00 with targets at 11480.00 & 11444.00 in extension. Alternative scenario Above 11640.00 look for further upside with 11723.00 & 11790.00 as targets. Comment As Long as 11640.00 is ...

USD/CAD Limited Upside

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:17 GMT

Pivot (invalidation): 1.3345 Our preference Long positions above 1.3345 with targets at 1.3395 & 1.3415 in extension. Alternative scenario Below 1.3345 look for further downside with 1.3315 & 1.3290 as targets. Comment The RSI is mixed to bullish. The pos...

USD/CHF Bullish Bias Above 0.9910

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 09:15 GMT

Pivot (invalidation): 0.9910 Our preference Long positions above 0.9910 with targets at 0.9945 & 0.9965 in extension. Alternative scenario Below 0.9910 look for further downside with 0.9890 & 0.9870 as targets. Comment A support base at 0.9910 has formed ...

EUR/USD drops on German PMI release

rss: Technical Analysis • Published Fri, 22 Mar 2019 09:08 GMT

On Friday morning the EUR/USD plummeted downwards. The move was caused by the publication of the Markit German PMI data sets. Our analysts were covering the data release live. A report ...

USDCAD Bulls Find Wall Near 1.34, Retains Bullish View

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 08:53 GMT

USDCAD is stretching its positive momentum above the 23.6% Fibonacci retracement level of the upleg from 1.2250 to 1.3663, near 1.3230 and the 20- and 40-simple moving averages (SMAs) in the daily timeframe. During yesterdays session, the pair touched the...

EURUSD Bearish Below 1.1360

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 08:51 GMT

The euro currency is losing ground against the greenback on Friday, following a strong technical reversal in the US dollar index. The EURUSD pair has a bearish intraday bias while trading below the 1.1360 level, whilst the 1.1400 level is former key suppo...

GBPUSD 1.3100 Critical Support

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 08:50 GMT

The British pound is under pressure against the US dollar as the United Kingdom still faces the prospect of leaving the EU without a deal in just seven days time. If the GBPUSD pair once again falls below the 1.3100 support level, the bearish sentiment wi...

LTCUSD Price Divergence Building

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 08:49 GMT

Litecoin is testing interim support on Friday, as the fourth largest cryptocurrency struggles to make gains above the $60.00 resistance level. Bearish price divergence is also building on the Momentum and MACD indicators on the four-hour time frame. A sus...

Sterling Rises After EU Grants Theresa May Article 50 Extension

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 08:48 GMT

The British pound rose in overnight trading after European leaders accepted Theresa Mays request for an article 50 extension. The premier was given until May 22 to come up with a solution. This was a shorter period than she was asking. The extension comes...

Currencies: Dollar Sell-Off Halted. Will Better EMU PMIs Support The Euro

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 08:37 GMT

Rates: First test of key 2.5% support in US 10-yr yield The US 10-yr yield bounced off the key 2.5% support area yesterday, but we label the test as ongoing following the Fed] The post Currencies: Dollar Sell-Off Halted. Will Better EMU PMIs Support The E...

Sterling Recovers On Deadline Extension As Dollar Takes A U-Turn

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 08:31 GMT

The EU has given UK Prime Minister Theresa May a final chance to pass her Brexit deal. She was offered a Brexit delay until May 22under the condition of MPs approving the withdrawal deal. If no decision is taken by April 12, the remaining options will be ...

Wave analysis of GBP / USD for March 22. The situation around Brexit gets confusing more and more.

rss: Technical Analysis • Published Fri, 22 Mar 2019 08:07 GMT

Wave counting analysis:On March 21, the GBP / USD pair fell by 80 basis points (bp). This is the general reaction to the meetings of the Fed and the Bank of England, as well as to the agreed transfer of Brexit from March 29 to May 22. The wave pattern due...

Trading Plan 03/22/2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:58 GMT

The Federal Reserve started the trend against the dollar.However, Brexit unexpectedly returned to the scene.Iron Lady Theresa May is completely tireless in her perseverance - she received a reprieve from the EU only until May 22 - but under strict conditi...

Indicator analysis. Daily review on March 22, 2019 for the pair GBP / USD

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:34 GMT

Trend analysis (Fig. 1).On Friday, there is a high probability of moving up, after testing the support line 1.3023 (yellow thin line). The first upper target 1.3227 is the upper fractal.Fig. 1 (daily schedule).Comprehensive analysis:- indicator analysis -...

Indicator analysis. Daily review on March 22, 2019 for the pair EUR / USD

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:29 GMT

Trend analysis (Fig. 1).On Friday, the price may continue to move upwards. The first upper target of 1.1422 is the pullback level of 61.8% (blue dotted line).Fig. 1 (daily schedule).Comprehensive analysis:- indicator analysis - up- Fibonacci levels - up- ...

Technical analysis of EUR/USD for 22/03/2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:28 GMT

Technical market overview:The EUR/USD pair has broken above the technical resistance zone between the levels of 1.1406 - 1.1419, but reversed suddenly and tested the local technical support at the level of 1.1361 with a low at 1.1343. The momentum remains...

BTC/USD 4H Chart: Guided by SMAs

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:20 GMT

The BTC/USD pair has been trading in a two-month ascending channel pattern. The pair bounced off its lower boundary at 3411.9 on February 8 and had since hit a January ...

Technical analysis of GBP/USD for 22/03/2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:19 GMT

Technical market overview:The GBP/USD pair has moved lower and hit the technical support at the level of 1.3012. The bounce after the hit was shallow and the price went up only to hit the level of 1.3155, mainly due to the oversold market conditions. Neve...

Analysis of the divergence of EUR / USD for March 22. Bearish divergence puts pressure on euro positions

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:13 GMT

4hOn the 4-hour chart, the EUR / USD pair performed a reversal in favor of the American currency and consolidation under the corrective level of 50.0% - 1.1374. As a result, on March 22 the process of falling quotations can be continued in the direction o...

Elliott Wave analysis of Ethereum for 22/03/2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:12 GMT

Technical market overview:The trendline breakout at the ETH/USD market turned out to be a false breakout with a high at the level of 138.92 and since then the market got back under the trendline and break through the technical support at the level of 134....

Technical analysis for EUR/USD for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:06 GMT

EURUSD has pulled back towards 1.1350 as a back test as expected by our previous analysis. This is the higher low bulls need to see. Price should start from current levels its next leg up above 1.14-1.1450 otherwise there is a danger of a fake break out a...

Elliott Wave analysis of Bitcoin for 22/03/2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:04 GMT

Technical market overview:The BTC/USD pair has completed the wave (b) of the corrective move up at the level of $4,110 and now is unfolding wave (c) to the downside as anticipated. The technical support at the level of $3,981 has been tested and the marke...

Cliff-Edge Brexit Postponed

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 07:02 GMT

Market movers today After the EU27] The post Cliff-Edge Brexit Postponed appeared first on Action Forex....

Technical analysis for Gold for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 07:01 GMT

Gold price remains in a short-term bullish trend from early March and the $1,280 area. Price continues to make higher highs and higher lows reaching yesterday important Fibonacci resistance and getting rejected.Blue line - support trend line Red line - be...

Analysis of GBP / USD Divergences for March 22. Pound sterling did not go far down

rss: Technical Analysis • Published Fri, 22 Mar 2019 06:57 GMT

4hOn a 4-hour chart, the GBP / USD pair performed a reversal in favor of the British currency and then close above the correction level of 76.4% - 1.3094 after some falling of quotations. Thus, today, the growth of quotations can be continued in the direc...

Euro-Zones Consumer Confidence Index Improved In March

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 06:47 GMT

For the 24 hours to 23:00 GMT, the EUR declined 0.45% against the USD and closed at 1.1375. Data indicated that the Euro-zone] The post Euro-Zones Consumer Confidence Index Improved In March appeared first on Action Forex....

BoE Kept Is Key Interest Rate Steady At 0.75%, In Line With Expectations

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 06:45 GMT

For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.3118, amid growing fears that a no-deal Brexit would become a reality. On the macro front, UKs public sector net borrowing surplus narrowed to a 17-year low level of ...

Japans National Consumer Price Index Rose Less-Than-Expected In February

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 06:38 GMT

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the JPY and closed at 110.78. In the Asian session, at GMT0400, the pair is trading at 110.77, with the USD trading slightly lower against the JPY from yesterday] The post Japans National Consumer ...

SNB Left Its Benchmark Interest Rate Unchanged And Cut Its Inflation Forecast

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 06:38 GMT

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9919. In economic news, Switzerlands M3 money supply advanced 3.5% on a yearly basis in February, following a revised rise of 3.2% in the previous month. The Swiss National ...

AUD / USD Forecast for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 06:37 GMT

AUD / USD Under a strong but short-term weakening of the American dollar, the "Australian" made an attempt to test the upper limit of the price channel, but the technical resistance turned out to be very strong, and he quickly returned to these resistanc...

Australias Manufacturing PMI Fell In March, While The Services PMI Rose In The Same Month

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 06:24 GMT

For the 24 hours to 23:00 GMT, the AUD declined 0.25% against the USD and closed at 0.7110. LME Copper prices rose 0.5% or $33.0/MT to $6520.0/MT. Aluminium prices rose 1.7% or $32.0/MT to $1891.0/MT. In the Asian session, at GMT0400, the pair is trading ...

Crude Oil: Oil Trading Slightly Lower, Ahead Of Baker Hughes Weekly Rig Count Data

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 06:16 GMT

For the 24 hours to 23:00 GMT, Crude Oil declined 0.27% against the USD and closed at USD59.88 per barrel, amid global trade tensions. In the Asian session, at GMT0400, the pair is trading at 59.87, with oil trading marginally lower against the USD from y...

JGB Futures Track Recent Gains In US Treasuries

rss: Action Forex • Fundamental Analysis • Published Fri, 22 Mar 2019 06:16 GMT

General Trend: Asian equity markets trade generally lower Japanese markets return from holiday, financials under perform after Fed decision Eisai expected to decline in Japan after plan to discontinue Alzheimers study IT and Property shares decline in Sha...

Elliott Wave View: S&P 500 (SPX) Testing 2018 High

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 06:08 GMT

The rally from December 26, 2018 low in S] The post Elliott Wave View: S&P 500 (SPX) Testing 2018 High appeared first on Action Forex....

Elliott wave analysis of GBP/JPY for March 22, 2019

rss: Technical Analysis • Published Fri, 22 Mar 2019 05:50 GMT

We have seen the expected dip close to support at 144.60 (the low came in at 144.15). We are now looking for a break above minor resistance at 145.88 to confirm that a corrective low is in place and the next impulsive rally higher is developing, towards 1...

GOLD And Crude Oil Price Remain Supported On Dips

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 04:26 GMT

Gold price climbed towards the $1,320 level recently before correcting lower. Crude oil price is currently consolidating gains and remains supported on dips near $59.50. Important Takeaways for Gold and Oil Gold price is placed nicely in an uptrend above ...

USD/JPY Could Correct Lower In Medium Term

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 03:55 GMT

Key Highlights The US Dollar found a strong resistance above 112.00 and recently declined against the Japanese Yen. Two important bearish trend lines are in place near 111.60 and 112.50 on the daily chart of USD/JPY. The US Initial Jobless Claims for the ...

Market Morning Briefing: Aussie Is Headed Towards Resistance At 0.72

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 03:34 GMT

STOCKS Global indices looks mixed in the near term. The bias remains bullish. But a sideways consolidation is possible in the near term before we see fresh rallies in them. The Indian indices, Sensex and the Nifty 50 continues to look stronger than the gl...

GBP/USD approaching resitance, potential drop!

rss: Technical Analysis • Published Fri, 22 Mar 2019 03:34 GMT

GBP/USD is approaching our first resistance at 1.3238 (horizontal overlap resistance, 61.8% extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing the price down to our major support at 1.3105 (61.8% fibonaccci re...

USDCAD Eyes More Upside Pressure On Corrective Recovery

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 02:58 GMT

USDCAD eyes more upside pressure on corrective recovery as it saw a rally on Thursday. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a turn lower may occur. But if...

CAD/CHF Deja Vous, Right On Cue

rss: Action Forex • Technical Analysis • Published Fri, 22 Mar 2019 02:57 GMT

Last Friday we highlighted a potential bearish Deja Vous pattern. Whilst bearish momentum is taking hold, we may see a pause in trend before it breaks to new lows. The daily trend structure is firmly bearish, and the 61.8% Fibonacci retracement level perf...

Elliott wave analysis of GBP/JPY for March 21, 2019

rss: Technical Analysis • Published Thu, 21 Mar 2019 16:19 GMT

We have seen the expected corrective decline towards 144.60. Once support at 144.60 has been tested a new impulsive rally will be expected for a rally above minor resistance at 145.88 indicating a corrective low is in place for more upside pressure toward...