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rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 15:23 GMT

The Euro holds in red for the third straight day after failing to benefit from recent risk sentiment. Fresh risk aversion on rising fears about the second wave of coronavirus and restrictions that governments plan to impose, pushed the single currency low...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 15:21 GMT

USD/CAD has leveled off on Tuesday, after starting the week with strong gains. In the North American session, the pair is trading at 1.3309, up 0.03% on the day. Earlier in the day, USD/CAD touched a high of 1.3345, its highest level since mid-August. Pow...
rss: Technical Analysis • Published Tue, 22 Sep 2020 15:02 GMT

The EURUSD pair has failed to maintain enough bearish momentum below 1.1150 (consolidation range lower zone) to enhance further bearish decline.Instead, bullish breakout above 1.1380-1.1400 has lead to a quick bullish spike directly towards 1.1700 which f...
rss: Technical Analysis • Published Tue, 22 Sep 2020 14:49 GMT

The EUR/USD pair has been moving sideways within the depicted expanding channel since August 3.Previously, a temporary resistance level was formed around 1.1900 which prevented further upside movement for and forced the pair to have a downside pause for s...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 14:41 GMT

The New Zealand dollar is steady in Tuesday trade. Early in the North American session, NZD/USD is trading at 0.6670, up 0.05% on the day. The US dollar started the week with broad gains, and NZD/USD declined by 1.2% on Monday, its worst one-day performan...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 14:31 GMT

Executive Summary The change that the FOMC recently made to its policy strategy means the Committee is willing to tolerate a higher rate of inflation in the next few years. But, it may take more than simple tweaks to a policy statement to achieve this out...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 14:26 GMT

Executive Summary The great disruption caused by COVID-19 has led to historic levels of economic volatility. As COVID-19 spread across the world, entire countries went into lockdown in an important attempt to curb the spread of the virus. Such lockdowns, ...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 14:17 GMT

The significant slowdown in Eurozones PMI readings dashed hopes of a V-shaped recovery in August. A month later, the new update due on Wednesday at 09:00 GMT is not expected to plug the hole. Perhaps the outlook for the euro area may remain cloudy as viru...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 14:15 GMT

The Reserve Bank of New Zealand will wrap up its policy meeting at 02:00 GMT Wednesday. No action is expected, so the market reaction might depend on the overall tone of the statement, any changes to the timing of the next rate cut, and how open policymak...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 14:13 GMT

EURCHF has adopted a fairly horizontal demeanour for nearly two-months now, and appears to be approaching a medium-term ascending trend line pulled from the 1.0505 low. The confused simple moving averages (SMAs) further reflect the directionless tone that...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 12:44 GMT

From lockdown to stimulus Lockdown panic is easing on Tuesday, with European stocks paring Mondays sharp losses and Wall Street eyeing a flat open having been spared much of the previous days sell-off. While the initial panic may have passed, the risk of ...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 12:42 GMT

The S] The post U.S Futures Attempt to Rebound Watch TSLA, AMZN, CMSCA appeared first on Action Forex....
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:18 GMT

USDCAD is moving above 1.33 and is approaching our bounce target of 1.3350-1.34. Price has broken out of the bearish channel and after the back test at 1.3160 we turned bullish looking for a move towards 1.3350-1.34.Blue lines - bearish channelGreen rect...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:13 GMT

The euro traded downward and has broken through monthly lows at 1.1735. After this, it sharply rebounded, and then renewed its minimum again. At present, it again attempts to make a rebound. However, there is a serious struggle at the level of 1.1700.You ...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:13 GMT

EURUSD is trading below key technical support of 1.1760. In Ichimoku cloud terms price is vulnerable to a move towards 1.16-1.1565 if price breaks inside the Kumo. Price is now challenging the upper boundary of the Kumo (cloud).EURUSD is trading below bot...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:11 GMT

Further Development Analyzing the current trading chart of BTC, I found that my analysis from yesterday is still valid and there is potential for further drop towards the levels at $9,873 and $9,050 My advice is to watch for selling opportunities on the ...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:07 GMT

The report says that the commission will use a no-deal Brexit assumption in preparing its next set of economic forecasts for the autumn. The technical assumption is that the EU and UK will conduct trade on WTO terms as of 1 January. That sort of undersco...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 12:06 GMT

The German 30 stock index (cash) crashed by almost 4% on Monday, recording its worst daily session since June. The index tumbled below its 20- and 50-day simple moving averages (SMA), which have been curbing downside corrections from early August, and lan...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 12:03 GMT

Asian equities dragged down by Wall Street Equity markets in New York endured a stormy day, sinking aggressively during the session, only to recoup some of those losses later in the day. It still left all three major indices in negative territory though. ...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:02 GMT

Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.The material has been provided by I...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:01 GMT

CADJPY holding below both descending trendline resistance and moving average. MACD below 0, within bearish environment as well. A further drop below 78.571 towards 1st support at 78.271 can be expected.Trading Recommendation Entry: 78.571Reason for Entry:...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:00 GMT

AUDJPY is testing our 1st suppor at 75.26 where the horizontal swing low is. Price could touch 1st support and bounce from there. Take caution that Ichimoku signals that further downside could come.Trading RecommendationEntry: 75.26Reason for Entry: horiz...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:00 GMT

Price is facing bearish pressure from our first resistance, in line with our 78.6% fibonacci extension, 61.8% fibonacci retracement and horizontal pullback resistance where we could see a reversal below this level to our first support level. Ichiomku clou...
rss: Technical Analysis • Published Tue, 22 Sep 2020 12:00 GMT

Prior -44 Trends selling prices -1 vs -4 expected Prior -5 The slight setback here underscores that any recovery momentum among UK manufacturers remains tepid at best, and the situation may yet get worse once government stimulus starts to run its course...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 12:00 GMT

After months of very little on the Brexit front, Brexit fears have returned with a bang over the past few weeks. As the clock ticks down not just towards the end of the transition period on 31st December, but perhaps almost more importantly towards the UK...
rss: Technical Analysis • Published Tue, 22 Sep 2020 11:59 GMT

Technical outlook: GBPUSD had dropped to 1.2710 lows today before reversing sharply. The Cable pair is seen to be trading above 1.2800 levels at this point in writing and is expected to continue its rally further towards 1.3100/1.3200 mark. The recent bou...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 11:54 GMT

Oil markets get a reality check Oil prices collapsed overnight, as Hurricane Beta made landfall as a tropical storm. Libyan production returned to international markets, the US dollar rose, and Covid-19 worries clouded the future consumption picture. The ...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 11:50 GMT

US dollar posts broad gains The US dollar staged an impressive rally overnight, notably versus the major currency grouping, as investors took fright at a number of negative factors sweeping markets. The dollar index rose 0.60% to 93.55, with a test of res...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 11:47 GMT

WTI crude oil futures had a strong selling interest over the previous, touching the 40-period simple moving average (SMA) and the Ichimoku cloud. The commodity found resistance at the 200-period SMA and the technical indicators are falling aggressively. T...
rss: Technical Analysis • Published Tue, 22 Sep 2020 11:45 GMT

Technical outlook:US Dollar Index end of the day chart has been presented here, which closed around 93.54 levels yesterday. The index has managed to push through 93.89 highs today before pulling back sharply. It is seen to be trading close to 93.50 levels...
rss: Technical Analysis • Published Tue, 22 Sep 2020 11:32 GMT

The greenback rose sharply on Monday against the backdrop of falling stock markets. The USD index reached its highest values since August 12.""There was a flight to safety into the greenback and bonds from the sell off in equities," said strategists at DB...
rss: Technical Analysis • Published Tue, 22 Sep 2020 11:31 GMT

Technical outlook:EURUSD has dropped to fresh intraday lows today around 1.1712 levels, before pulling back. The single currency pair is seen to be trading around 1.1760 levels at this point in writing and is expected to print higher towards 1.1920/30 in ...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 11:20 GMT

Notes/Observations UK poised to implement further restrictions to combat the spread of coronavirus but PM Johnson expected to stop short of announcing a full national lockdown like that imposed in March BOE Gov Bailey plays down chance of negative rates d...
rss: Technical Analysis • Published Tue, 22 Sep 2020 10:29 GMT

To open long positions on EURUSD, you need: In my morning forecast, I paid quite important attention to the level of 1.1737 and the divergence that was formed on the MACD indicator, and warned that sales below the level of 1.1737 may be unsafe. On the 5-m...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 10:26 GMT

On Monday, the EUR/USD currency pair dropped to the lower line of the medium-term descending channel at 1.1730. During today] The post EUR/USD Is Below Monthly S1 appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 10:23 GMT

On Monday, the XAU/USD exchange rate tumbled to the 1,900.00 level. During today] The post XAU/USD Tumbled To 1,900.00 appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 10:15 GMT

The euro currency has continued its descent against the US dollar after bulls failed to hold price above the technically important 1.1750 level. Technical analysis shows that the EURUSD pair has broken below a broadening wedge pattern on the daily time fr...
rss: Technical Analysis • Published Tue, 22 Sep 2020 10:00 GMT

The USD/MXN currency pair has been trading downwards within a falling wedge pattern since the beginning of August. ...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 10:00 GMT

Downside risks dominated the New Zealand Dollar against the...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 09:59 GMT

The US Dollar declined by 148 pips or 1.13% against the Canadian Dollar on Monday. The 50-, 100 and 200 hour SMAs provided support for the currency pair during Monday] The post USD/CAD Analysis: Bulls Could Prevail appeared first on Action Forex....
rss: Technical Analysis • Published Tue, 22 Sep 2020 09:51 GMT

The XAG/USD exchange rate has been trading within a symmetrical triangle pattern since the beginning of August. ...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 09:47 GMT

Selloff in equities eases but sentiment still subdued amid virus and political woes Dollar and yen hold firm as clouds gather over economic recovery Pound braces for new UK restrictions aussie skids after RBA] The post Stocks Lick Wounds, Pound Tumbles On...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 09:41 GMT

USDCAD is confronting the 1.3346 to 1.3360 resistance zone after the pair commenced actions to shift the short-term bias positive, by rocketing above the 200-period simple moving average (SMA) and the previous spikes that pierced above it, in the beginnin...
rss: Technical Analysis • Published Tue, 22 Sep 2020 09:35 GMT

After the sharp surge that was experienced on Monday, the USD/JPY currency exchange rate began to trade between the resistance of the 100-hour SMA and the support of the ...
rss: Technical Analysis • Published Tue, 22 Sep 2020 09:03 GMT

NZD/USD dropped below the major uptrend line signaling a potential corrective phase, decline. The pair has shown some exhaustion signs after its failure to stabilize somewhere above 0.6788 former high.You should know that NZD/USD could come back to test a...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:42 GMT

Cable accelerated lower in early Tuesday, extending Mondays nearly 1% fall, with fresh weakness being sparked by remarks of BOEs Governor Andrew Bailey. Bailey said that escalating Covid-19 cases increase downside risks for the economy, pointing to hard y...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:30 GMT

GBPUSD erased last weeks upward correction and slipped slightly into the 1.2700 region, charting a lower high around the 50-day simple moving average (SMA) in the short-term picture. The recent bearish move follows the creation of a lower low at 1.2760 an...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:29 GMT

EURJPY has been tumbling over the last couple of days, posting a fresh two-month low of 122.51. The 20- and 40-day simple moving averages (SMAs) are creating a bearish crossover, while the momentum indicators are losing ground. The MACD oscillator slipped...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 08:26 GMT

About the only storm that doesn] The post Stock Market Contagion Spreads appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 08:22 GMT

INDICES Yesterday, European stocks suffered deeper losses. The Stoxx Europe 600 Index plunged 3.24%, Germany] The post EU Indices Slightly Positive | TA Focus On TUI appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:18 GMT

Pivot (invalidation): 40.15 Our preference Short positions below 40.15 with targets at 39.30 & 38.85 in extension. Alternative scenario Above 40.15 look for further upside with 40.55 & 40.90 as targets. Comment As Long as the resistance at 40.15 is not su...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:18 GMT

Pivot (invalidation): 25.2500 Our preference Short positions below 25.2500 with targets at 24.1000 The post Silver Spot: Expect 23.6500 appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:16 GMT

Pivot (invalidation): 3228.00 Our preference Long positions above 3228.00 with targets at 3324.00 The post SP 500: Rebound Expected appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:15 GMT

Pivot (invalidation): 12415.00 Our preference Long positions above 12415.00 with targets at 12730.00 & 12850.00 in extension. Alternative scenario Below 12415.00 look for further downside with 12300.00 & 12210.00 as targets. Comment The next resistances a...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:13 GMT

Pivot (invalidation): 7.6100 Our preference Long positions above 7.6100 with targets at 7.6500 & 7.6670 in extension. Alternative scenario Below 7.6100 look for further downside with 7.5900 & 7.5740 as targets. Comment Even though a continuation of the co...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:12 GMT

Pivot (invalidation): 1.3265 Our preference Long positions above 1.3265 with targets at 1.3340 & 1.3370 in extension. Alternative scenario Below 1.3265 look for further downside with 1.3240 & 1.3210 as targets. Comment The break above 1.3265 is a positive...
rss: Technical Analysis • Published Tue, 22 Sep 2020 08:08 GMT

A clear decrease in coronavirus incidence is seen in the United States and Brazil, having recorded daily cases only at 37 thousand and 15 thousand respectively.Unfortunately, the same can not be said in India, which recorded cases at a huge amount of 75 t...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 08:07 GMT

DAX is extremely bearish. Yesterday free fall in Equities might be the start of a reversal in stocks and we should see the bearish continuation. There are 2 POC zones where we could expect a rejection from. The first POC zone 12727-800 is close, but we ca...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 08:05 GMT

US equities carried their gloomy mood from previous weeks on Monday, as investors were worried about the new lockdowns in Europe. Besides this, the debate between Democrats and Republicans may cause significant delays in the new stimulus approval and impl...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 08:03 GMT

Markets It turned out to be an outright risk-off session yesterday. A further acceleration of the second wave of corona infections in the UK and Europe raised concerns that new lockdowns or other restrictive measures might slow the pace of the recovery. A...
rss: Technical Analysis • Published Tue, 22 Sep 2020 07:25 GMT

Trading recommendations for the EUR / USD pair on September 22 Analysis of transactions Another surge in coronavirus incidence, as well as high risk of another quarantine, led to huge sell-offs in the European currency, from the level of 1.1854. It ...
rss: Technical Analysis • Published Tue, 22 Sep 2020 07:00 GMT

Outlook on September 22:Analytical overview of currency pairs on the H1 TF:The key levels for the euro/dollar pair on the H1 chart are 1.1871, 1.1839, 1.1809, 1.1786, 1.1725, 1.1678, 1.1624 and 1.1586. The price here is forming a potential for the downsid...
rss: Technical Analysis • Published Tue, 22 Sep 2020 06:40 GMT

The EUR/USD pair, following the upper part of the side channel 1.1700 // 1.1810 // 1.1910, managed to overcome the average level (1.1810). As a result, there was an acceleration of short positions (sell positions), which led us to approach the level of 1....
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 06:35 GMT

General Trend Markets were weaker tracking Wall St lead overnight, as uncertainty continues and COVID cases climb forcing some major countries to implement additional lockdowns. Koreas Kospi fell after Korea passed its 4th extra budget (as planned). Austr...
rss: Technical Analysis • Published Tue, 22 Sep 2020 06:33 GMT

Crypto Industry News:Hackers have been trying for years to crack a Bitcoin wallet containing 69,370 BTC. Unsuccessfully. Many have tried (and are still trying) to get in in hopes of snagging more than $ 750 million worth of BTC. The question is, does this...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 06:33 GMT

Global stocks tumbled as investors worried about a new wave of lockdowns. In the United States, the S] The post Global Stocks Tumble As Potential Risks Escalate appeared first on Action Forex....
rss: Technical Analysis • Published Tue, 22 Sep 2020 06:21 GMT

Technical Market Outlook:The GBP/USD pair has broken out from a narrow consolidation zone seen between the levels of 1.2869 - 1.2979 and made a new local low at the level of 1.2775. The immediate technical resistance is still seen at the level of 1.2869 a...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 06:21 GMT

Ethereum has broken sharply to the downside, following the strong move lower in the BTCUSD pair, and other top cryptocurrencies. A bearish breakout from a rising price channel has taken place, placing the $300.00 level as a potential downside target. Sust...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 06:20 GMT

The euro currency has moved sharply lower against the US dollar, placing the pair in a vulnerable technical position over the short-term. Sustained weakness below the 1.1750 level could see the EURUSD pair starting to decline back towards the 1.1500 area....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 06:20 GMT

The US dollar has started to rise against the Japanese yen currency, due to broad-based strength in the greenback over renewed risk-off market sentiment. Traders that are bearish towards the USDJPY pair may look to sell into strength above the 105.00 pric...
rss: Technical Analysis • Published Tue, 22 Sep 2020 06:15 GMT

Technical Market Outlook:The EUR/USD pair has made a false breakout above the trend line and the bearish pressure intensify. A new local low had been made at the level of 1.1731 already and the bears are willing to continue the down wave. The levels of 1....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 06:11 GMT

Alphabet (GOOG) has made a serious decline in the past trading days. The bearish momentum is strong and testing the Fibonacci levels and long-term moving averages. Can GOOG make a bullish recovery Price Charts and Technical Analysis Probably yes. The supp...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 05:53 GMT

Market movers today Today] The post Sell-Off Rooted In Europe appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 05:52 GMT

Elliott Wave View of S] The post Elliott Wave View: S&P 500 E Mini Futures (ES) Correction In Progress appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 05:50 GMT

USDCHF continues to face recovery risk as it saw a rally on Monday. On the downside, support comes in at the 0.9100 level. Below here leaves support at the 0.9050 level and then the 0.9000 level. Further down, support comes in at the 0.8950 level. On the ...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 05:49 GMT

On Monday, spot gold marked a day-low near $1,883 before bouncing back to $1,912, still down 2.0%. Surprisingly, the plunge in U.S. stock markets failed to spur safe-haven demand for the precious metal. In fact, the correlation between the two types of as...
rss: Technical Analysis • Published Tue, 22 Sep 2020 05:45 GMT

EUR/JPY is now close to our corrective-target at 122.15 from where we expect the next impulsive rally to take place. In the short-term, we expect minor resistance at 123.66 to be able to cap the upside for the final decline into the low 122-area to comple...
rss: Technical Analysis • Published Tue, 22 Sep 2020 05:00 GMT

The British Pound has edged higher by 3.58% against the British Pound since the beginning of September. The currency pair tested the upper boundary of an ascending channel pattern at ...
rss: Technical Analysis • Published Tue, 22 Sep 2020 04:58 GMT

The US Dollar has surged by 1.75% against the Swiss Franc since the beginning of September. The USD/CHF currency pair is currently trading in an ascending channel pattern. ...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 03:36 GMT

Key Highlights GBP/USD failed to clear the 1.3000 resistance and declined below 1.2900. EUR/USD also struggled to continue above 1.1850 and declined sharply. Gold price is sliding and it could even break the $1,900 support zone. The US Existing Home Sales...
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 03:32 GMT

STOCKS The news on global major banks dealing with illicit funds and the fear of another lock-down in the European countries following the surge in corona virus cases have triggered a sharp fall in the equity segment yesterday. This sell-off, if sustains ...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 03:30 GMT

On Monday, the Dow Jones Industrial Average once tumbled over 900 points before reducing its loss to 509 points (-1.84%) and closing at 27147. The S] The post Asia Morning: Dow Sheds 509 Points In Market Sell-off appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Tue, 22 Sep 2020 03:27 GMT

The US Dollar was higher...
rss: Action Forex • Fundamental Analysis • Published Tue, 22 Sep 2020 03:18 GMT

Markets are in turmoil to start the trading week on fears of another COVID-19 lockdown in the UK and concerns about the prospects of more stimulus from the US with the focus shifting to the Supreme Court. While gold typically rallies when political/social...
rss: Technical Analysis • Published Tue, 22 Sep 2020 02:51 GMT

EUR/USD There was a slight panic in the market on Monday. Due to the development of the second wave of coronavirus in Europe and the United States, investors began to fear the widespread closure of economies, as the UK intends to do from today. The ma...
rss: Technical Analysis • Published Tue, 22 Sep 2020 02:51 GMT

AUD/USD The Australian dollar has been waiting for signals from foreign markets for a long time, and it received them on Monday. Oil fell 2.77%, copper -2.03%, and the US dollar index rose 0.59%. The Australian dollar was down 65 points. The daily...
rss: Technical Analysis • Published Mon, 21 Sep 2020 18:30 GMT

The EUR/USD pair has been moving sideways within the depicted expanding channel since August 3.Previously, a temporary resistance level was formed around 1.1900 which prevented further upside movement for and forced the pair to have a downside pause for s...
rss: Technical Analysis • Published Mon, 21 Sep 2020 14:34 GMT

In a previous analysis EURUSD has shown us bearish signs by breaking out of the bullish channel. Bulls have tried to push price back inside the channel but price got rejected at key short-term resistance at 1.1860.Blue lines - bullish channelRed line - re...
rss: Technical Analysis • Published Mon, 21 Sep 2020 14:30 GMT

Gold price got rejected once again at $1,970 and as we said last week, this was a bearish sign that could push price back towards $1,900 the lower triangle boundary. Price has now reached this critical support area at $1,910-$1,900 and if it is broken we ...
rss: Technical Analysis • Published Mon, 21 Sep 2020 14:29 GMT

As the DUK+/EUR approached the 1.7000 level, a sell off began, which found support in the combination of the 55 and 100-day simple moving averages. In the near term future, the ...
rss: Action Forex • Fundamental Analysis • Published Mon, 21 Sep 2020 14:28 GMT

GBP/USD has started the week with considerable losses. In Mondays European session, the pair is trading at 1.2830, down 0.68%. Brexit tensions could weigh on pound It has been a wild ride for the British pound. GBP/USD reversed directions last week and cl...
rss: Technical Analysis • Published Mon, 21 Sep 2020 14:24 GMT

USDJPY has reached our 104 target level and is now bouncing higher. There are bearish divergence signs by the RSI that does not follow price to new lower lows. This is a warning that tells me there are significant chances of an upward bounce towards 105.P...
rss: Technical Analysis • Published Mon, 21 Sep 2020 14:02 GMT

Today we take a look at AUDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.The material has been provided by I...
rss: Technical Analysis • Published Mon, 21 Sep 2020 14:00 GMT

Price is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci extension, 38.2% fibonacci retracement and horizontal pullback resistance where we could see a reversal below this level to our first support level. Ichiomku clou...
rss: Technical Analysis • Published Mon, 21 Sep 2020 13:40 GMT

The EURUSD pair has failed to maintain enough bearish momentum below 1.1150 (consolidation range lower zone) to enhance further bearish decline.Instead, bullish breakout above 1.1380-1.1400 has lead to a quick bullish spike directly towards 1.1700 which f...
rss: Action Forex • Technical Analysis • Published Mon, 21 Sep 2020 13:22 GMT

AUDUSD is tackling the lower Bollinger band coupled with the 200-period simple moving average (SMA), after recently dipping below the 50- and 100-period SMAs. The price seems temporary stalled between the boundaries of 0.7246 and 0.7344, though sustaining...
rss: Action Forex • Fundamental Analysis • Published Mon, 21 Sep 2020 12:46 GMT

Stocks selloff, Oil slumps as Libyan production returns, Gold down on strong dollar, LATAM in focus Global stock markets are tumbling as coronavirus cases surge in Europe, political tensions in the US will likely derail any further fiscal support efforts,...
rss: Technical Analysis • Published Mon, 21 Sep 2020 12:13 GMT

Technical outlook: GBPUSD had carved a meaningful top around the 1.3500 level early this month before reversing sharply to the 1.2760 level. The single currency is seen to be trading around the 1.2860/70 levels at this point in writing and it is exp...
rss: Technical Analysis • Published Mon, 21 Sep 2020 12:10 GMT

On Monday, the decline of the USD/JPY continued, as the pair reached the 104.00 level. This level provided support and caused a pause of the decline. Economic Calendar Wednesday is a ...
rss: Action Forex • Technical Analysis • Published Mon, 21 Sep 2020 11:58 GMT

On Monday, September 21st, the major currency pair is gaining weight and trading at 1.1864. The data published last Friday by the USD provided good support o the greenback. The preliminary report on the UoM Consumer Sentiment showed 78.9 points in Septemb...