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rss: Technical Analysis • Published Thu, 09 Jul 2020 18:41 GMT

On March 20, the EURUSD pair has expressed remarkable bullish recovery around the newly-established bottom around 1.0650.Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 - 1.1000.On May 14, evident s...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 15:50 GMT

Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep above $1800 level which now acts as strong support. Wednesdays break and close above significant $...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 15:46 GMT

The resurgence in coronavirus cases appears to have put a pause on the relentless risk rally that has propelled global stocks to recoup almost 80% of the March crash. But as stocks drift sideways while investors re-evaluate the prospect of a V-shaped reco...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 15:44 GMT

While the world is nervous about the Covid-19 second wave, the British pound has another reason to worry about its recovery: the Brexit saga. Six months after its departure from the European Union, the UK has just started to negotiate the terms of a trade...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 14:09 GMT

Total housing starts up to 212k in June Ontario starts led the rise Go-forward risks remain but recent economic indicators for June have been stronger than expected Canadian housing starts edged up to 212k in June, further rebounding from the trough of 16...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 13:46 GMT

Risk appetite is struggling as the coronavirus spread is still not under control in most parts of the world and as geopolitical tensions between China and the West intensify. Australias decision to suspend the extradition treaty with Hong Kong in response...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 13:38 GMT

The US 100 cash index recorded a new all-time high of 10,727.95 earlier today, continuing the steep increase from the 14-month trough of 6,635. The golden cross within the 50- and the 200-day simple moving averages (SMAs) remains intact and the RSI indica...
rss: Technical Analysis • Published Thu, 09 Jul 2020 13:12 GMT

Bitcoin is challenging the resistance at $,9500 area. This is important resistance for two reasons. First is the downward sloping resistance trend line from June 2019 highs. Secondly is the upper boundary of a technical pattern.Red line - long-term resist...
rss: Fundamental Analysis • Published Thu, 09 Jul 2020 13:11 GMT

Data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal volatility remains intact during these announcements. On ...
rss: Technical Analysis • Published Thu, 09 Jul 2020 13:08 GMT

Gold price is very close to the 2020 higher highs that made yesterday. Trend remains bullish. Price is in a medium-term bullish trend and as long as price is above $1,750-60 level bulls have nothing to fear.Red lines - bullish channelGreen rectangle- supp...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 13:06 GMT

With the US dollar continuing to underperform, the British pound has taken advantage and racked up gains of 1.2% this week. Currently, GBP/USD is trading at 1.2649, up 0.32% on the day. This weeks economic data has been mostly of the second-tier variety, ...
rss: Technical Analysis • Published Thu, 09 Jul 2020 12:35 GMT

To open long positions on EURUSD, you need: The lack of fundamental statistics in the first half of the day did not allow euro buyers to hold above the rather important level of 1.1345, which served as a support in the first half of the day. On the 5-minu...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 12:35 GMT

The S] The post US Futures Mixed, Watch WBA, CSCO, MSFT, BBBY appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 09 Jul 2020 12:15 GMT

The number of new coronavirus cases in the US is growing every day and has reached the highest levels. On Wednesday, the US reported more than 60,000 new COVID-19 infections. For the second day in a row, the number of deaths has climbed by more than 900 i...
rss: Technical Analysis • Published Thu, 09 Jul 2020 11:57 GMT

Technical analysis: BTChas been trading upwards at the price of $9,390. I see further upward movement due to the breakout of the trading range in the background. Trading recommendation: Watch for potential buying opportunities on the dips. The upward ...
rss: Technical Analysis • Published Thu, 09 Jul 2020 11:51 GMT

Technical analysis: Gold has been trading upwards as I expected. The Gold reached our main objective at $1,820. Anyway, I found that there is the breakout of the rising trend line, which is sign for the potential downside movement. Trading recommendatio...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 11:47 GMT

WTI oil futures] The post WTI Futures Positive Momentum Fades appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 09 Jul 2020 11:46 GMT

Technical analysis: EUR/USD has been trading downwards. The price tested the level of 1,3160. I see potential for the further drop due to the fake breakout of the resistance at 1,1346. Trading recommendation: Watch for potential selling opportunities ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 11:36 GMT

Both precious metals remain in demand for now. This is mainly due to historically low interest rates and as the vast central bank QE and government stimulus money is finding its way into these assets, as well as stocks. Economic concerns due to the impact...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 11:33 GMT

Oil drifts higher as range-trading continues A fall in US gasoline inventories by 4.85 million barrels overnight offset the unexpected rise in official crude inventories by 5.65 million barrels. That limited any negative sentiment and reassured investors ...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 11:30 GMT

Financial Markets Recover As quickly as it appeared, the doom and gloom of yesterday was consigned to the financial markets dustbin, with normal service resuming on Wall Street overnight. US equities recorded a strong session led by the usual suspects, bi...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 11:16 GMT

Notes/Observations German exports rebound in May on higher demand spurred by the lifting of lockdown measures China equities extending their recent rally Shanghai Composite rises for 8th straight session to highest level since Feb 2018 Asia: China Jun CPI...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 11:12 GMT

Cable extends advance into fourth consecutive day and hits new three-week high on Thursday, up 1.4% since Monday. Strong risk sentiment and optimism over EU/UK trade talks continues to boost sterling, with Wednesday] The post GBP/USD Outlook: Extended Ral...
rss: Technical Analysis • Published Thu, 09 Jul 2020 11:11 GMT

The EUR/SGD exchange rate has been trading upwards within a rising wedge pattern since the middle of June. ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 11:11 GMT

On Wednesday, the EUR/USD currency pair raised to the 1.1340 level. During today] The post EUR/USD Analysis: Touched Monthly R2 appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 09 Jul 2020 11:10 GMT

The EUR / USD pair is once again on a wave of speculative operations, due to which the quote did not only return to the level of 1.1350, but also overcame it locally. This current breakout from the level of 1.1350 is the first movement since the formati...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 11:09 GMT

Yesterday, the GBP/USD exchange rate raised to the 1.2620 level. During Thursday morning, the rate was testing the resistance levelthe Fibo 61.80% at 1.2646. If the given resistance holds, it is likely that a reversal south could occur. Note that the curr...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 11:08 GMT

On Wednesday, the USD/JPY currency pair tumbled to the 107.20 level. During today] The post USD/JPY Analysis: Consolidated In 107.25 Area appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 09 Jul 2020 11:07 GMT

On Wednesday, a decline of the USD/JPY was expected. The forecast was not precise, as instead of gradually declining the rate plummeted below the target and crashed patterns in ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 11:07 GMT

Yesterday, the XAU/USD exchange rate raised to the 1,815.00 level. During Thursday morning, the rate tested the given level. It is likely that yellow metal could face the resistance formed by the monthly R1 at 1,821.43. Thus, a reversal south could occur ...
rss: Technical Analysis • Published Thu, 09 Jul 2020 10:55 GMT

As forecast, the GBP/USD traded sideways until the 55-hour SMA caught up with it and pushed it up. Namely, the SMA caused a surge, which by the middle of ...
rss: Technical Analysis • Published Thu, 09 Jul 2020 10:29 GMT

Overview:In the four time frame, the GBP/USD pair continues to move in an uptrend from the level of 1.2531 since yesterday. So, major support is seen at 1.2531, while immediate resistance is found at 1.2689. Besides, it should be noted that the first su...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 10:14 GMT

EURJPY has been developing within an upward sloping channel over the last couple of weeks, surpassing the simple moving averages (SMAs) in the 4-hour chart. However, the technical indicators are losing some momentum. The RSI is pointing south near 50 leve...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 10:13 GMT

The British pound looks have reached a new weekly trading high against the US dollar, with the pair rallying towards the 1.2650 resistance level. GBPUSD bulls need to force a breakout above the 1.2650 level to encourage technical buying towards the 1.2710...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 10:12 GMT

The euro currency has given back a portion of its trading against the US dollar currency, following a strong reversal from the 1.1370 level. If EURUSD bulls can overcome the 1.1370 resistance level, then further gains towards the 1.1400 level remain possi...
rss: Technical Analysis • Published Thu, 09 Jul 2020 10:07 GMT

Finance Ministers of the European Union will conduct a meeting today, at which a new president of the Eurogroup will most likely be elected. It will determine which direction the euro will go to, in which if the new president supports the concept of a mor...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 10:01 GMT

The common European currency has surged by 76 basis points or 0.63% against the Japanese Yen since Wednesday] The post EUR/JPY Targets At 122.20 appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 09 Jul 2020 09:32 GMT

The 100-hour SMA managed to hold on Wednesday. Eventually, the squeeze between the 55 and 100-hour SMAs resulted in a sharp move upwards, as the 55-hour SMA failed. At mid-day ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 09:30 GMT

The GBP/JPY is testing the 144 ema resistance (red box) after bouncing at the 50% Fibonacci support zone (green box). A bullish breakout could confirm a move higher. The GBP/JPY might be building a wave 3 (light purple) but there needs to be a clear daily...
rss: Technical Analysis • Published Thu, 09 Jul 2020 09:28 GMT

Yesterday, the XAU/USD exchange rate raised to the 1,815.00 level. During Thursday morning, the rate tested the given level. ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 09:28 GMT

The Euro pulls back in early European trading on Thursday after probe above Fibo barrier at 1.1362 (76.4% of 1.1422/1.1168). The single currency is inflated by risk sentiment and generated positive signal on Wednesdays eventual close above pivotal Fibo le...
rss: Technical Analysis • Published Thu, 09 Jul 2020 09:15 GMT

Yesterday, the GBP/USD exchange rate raised to the 1.2620 level. During Thursday morning, the rate was testing the resistance levelthe Fibo 61.80% at 1.2646. ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 09:05 GMT

USDCHF resumed negative momentum this week after failing to climb above the 61.8% Fibonacci retracement level of the March rally that started from the 0.9181 bottom. On the downside there is no key support in sight until 0.9320, hence the sell-off may con...
rss: Technical Analysis • Published Thu, 09 Jul 2020 09:02 GMT

The second wave of the coronavirus is in full swing. According to the latest data, the United States has recorded a huge number of new infections at 55 thousand per day, and listed deaths to almost 1,000 per day.Brazil has a similar situation, recording 4...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 09:00 GMT

EURUSD climbed to a new one-month top of 1.1370 earlier today, breaking the neutral range of 1.1187 1.1347 to the upside, which had been holding since June 11. This bullish penetration drove the momentum indicators higher sending the stochastic into the ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 08:58 GMT

AUDUSD appears to be building confidence to revisit the region around the nearly 11-month high of 0.7064. The recent strengthening in the pair is reflected in the short-term oscillators and boosted by the recent bullish crossover of the 200-day simple mov...
rss: Technical Analysis • Published Thu, 09 Jul 2020 08:57 GMT

Today we take a look at GBPJPY and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today.The material has been provided...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 08:55 GMT

Stocks and commodity currencies grind higher without much news Sinking dollar lifts all FX boats, pound and loonie capitalize the most Gold rally keeps rolling has bullion changed roles with the dollar Weekly US jobless claims today to reveal initial imp...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 08:37 GMT

INDICES Yesterday, European stocks remained under pressure. The Stoxx Europe 600 Index fell 0.67%. Germany] The post EU Indices: Tentative Rebound | TA Focus On SAP appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 08:28 GMT

The dollar index has now returned to the June low, losing 1.4% since the beginning of the month against a basket of the most popular world currencies. Stable growth against the dollar is shown by the pound, which rose to 1.2630 on Thursday morning, for th...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 08:22 GMT

Equity markets have pushed higher in Asia following an impressive last hour rally on Wall Street yesterday. The record daily increase in US COVID-19 infections and the sharp rise in deaths has proved no barrier to the bulls. Rises in Apple and Amazon stoc...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 08:20 GMT

European stock markets are off to a decent start on Thursday, following a couple of days of declines as indices continue to linger close to recent highs. There] The post Easing Into Earning Season appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 08:15 GMT

The precious metal saw an aggressive rally on Wednesday, which took prices well past the 1800 level. Price of spot gold hit intraday highs of 1817 before making a modest retreat. The current gains could continue with any dips attracting new buyers into th...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 08:14 GMT

Crude oil prices are trading over one percent, brushing aside the unexpected rise in weekly stockpiles. Spot price of WTI crude oil is trading just a few points above the 40.00 handle, nearing the 41.00 level. Price action so far is signaling further upsi...
rss: Technical Analysis • Published Thu, 09 Jul 2020 08:14 GMT

EUR/USD Analysis: The direction of the price movement of the European currency since the beginning of June is set by a flat corrective wave. To date, its structure has not been completed. The price is close to the upper limit of the price range formed las...
rss: Technical Analysis • Published Thu, 09 Jul 2020 08:13 GMT

Good afternoon traders! Congratulations to those who followed our idea on June 6 , which was to trade long positions in the EUR / USD pair. The plan was to form a classic ABC wave pattern, which is shown in the picture below: Plan: Results: ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 08:08 GMT

The British pound sterling is trading near a three week high, as the US dollar is trading soft. The UKs economic plan was unable to move the currency pair. Given the current momentum, GBPUSD is reaching for the 1.2643 level. It is quite likely that we mig...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 08:07 GMT

The euro currency is retesting the 1.1347 level of resistance, just two days after price failed to breakout. The range within 1.1347 and 1.1261 is strongly held at the moment. An upside breakout will potentially push the euro towards the 1.1400 level once...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 07:58 GMT

Pivot (invalidation): 1800.00 Our preference Long positions above 1800.00 with targets at 1818.00 & 1826.00 in extension. Alternative scenario Below 1800.00 look for further downside with 1792.00 & 1786.00 as targets. Comment The RSI is above its neutrali...
rss: Technical Analysis • Published Thu, 09 Jul 2020 07:57 GMT

The UK government has announced a new program to stimulate the British economy. It will amount approximately $ 38 billion, and will be used to support the country during the quarantine period. It will be implemented until October of this year, after which...
rss: Technical Analysis • Published Thu, 09 Jul 2020 07:53 GMT

Traders react very painfully to the speeches of FOMC members. The US economy may begin to slow down due to the high growth rate of coronavirus. Traders do not want to buy the dollar and get rid of it.The material has been provided by InstaForex Company - ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 07:49 GMT

Pivot (invalidation): 6.8650 Our preference Short positions below 6.8650 with targets at 6.8460 & 6.8390 in extension. Alternative scenario Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets. Comment As Long as 6.8650 is resistance, look...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 07:48 GMT

Pivot (invalidation): 0.6960 Our preference Long positions above 0.6960 with targets at 0.6995 & 0.7010 in extension. Alternative scenario Below 0.6960 look for further downside with 0.6945 & 0.6930 as targets. Comment Even though a continuation of the co...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 07:45 GMT

Pivot (invalidation): 0.9390 Our preference Short positions below 0.9390 with targets at 0.9365 & 0.9350 in extension. Alternative scenario Above 0.9390 look for further upside with 0.9405 & 0.9420 as targets. Comment A break below 0.9365 would trigger a ...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 07:43 GMT

Pivot (invalidation): 107.40 Our preference Short positions below 107.40 with targets at 107.15 & 107.00 in extension. Alternative scenario Above 107.40 look for further upside with 107.60 & 107.70 as targets. Comment As Long as the resistance at 107.40 i...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 07:38 GMT

Pivot (invalidation): 1.1325 Our preference Long positions above 1.1325 with targets at 1.1370 & 1.1395 in extension. Alternative scenario Below 1.1325 look for further downside with 1.1310 & 1.1295 as targets. Comment Technically the RSI is above its neu...
rss: Technical Analysis • Published Thu, 09 Jul 2020 07:36 GMT

The weakening of dollar positions throughout the market led to the fact that the pound consolidated above the level of 1.2620 once again, signaling intentions to return the quote to its original resistance point in the form of a range level of 1.2770, b...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 07:31 GMT

Markets With few data in the US and Europe, trading yesterday was still driven by the swings in global risk sentiment. China still outperformed, but this time there was no spill-over on European markets anymore. Europe equities opened in red and sentiment...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 07:09 GMT

Equities in Shanghai (+1.03%) extended gains for the eighth consecutive session, still surfing on the wave of optimism that more central bank and government stimulus is underway to maintain a healthy bull market to tackle the Covid-led economic slowdown i...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 07:07 GMT

Japan core machinery orders, which indicates the trend in capex spending, posted a positive surprise in May with a 1.7% increase vs a 5% decline forecast and after a 12% drop in April. From a technical point of view, on a daily chart, the pair remains und...
rss: Technical Analysis • Published Thu, 09 Jul 2020 07:06 GMT

Technical analysis recommendations for EUR/USD and GBP/USD on July 9 EUR / USD The upward players retained their advantage, remaining above an important reference level - the monthly medium-term trend (1.1245). Thanks to this, they regained their ...
rss: Technical Analysis • Published Thu, 09 Jul 2020 07:00 GMT

Trading RecommendationEntry: 107.330Reason for Entry: 23.6% fibonacci retracement and horizontal overlap supportTake Profit: 106.947Reason for Take Profit: Horizontal swing low supportStop Loss: 107.503Reason for Take Profit: Horizontal pullback resistanc...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 06:54 GMT

EUR/USD is bullish and we might see 1.1410 hit. However, the pair is sitting at important resistance. W H5 camarilla pivot is the strongest weekly pivotal resistance. We can also see daily Bollinger bands which are making the confluence. The EUR/USD is se...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 06:38 GMT

The euro currency is testing above the 1.1300 level against the US dollar currency after bulls defended the pivotal 1.1260 support level yesterday. A sustained breakout above the 1.1350 level could see the EURUSD pair testing towards the 1.1380 resistance...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 06:38 GMT

The British pound looks set for further upside against the US dollar currency after buyers quickly moved in from the 1.2500 support level. GBPUSD technical analysis shows that the 1.2710 level is the next major upside target above the 1.2660 resistance le...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 06:35 GMT

Ethereum is nearing a key technical breakout above a long-term trendline as bullish sentiment continues to spread through the altcoin space. Traders that are bullish may wait for price stabilization above the $250.00 level in anticipation of a rally towar...
rss: Technical Analysis • Published Thu, 09 Jul 2020 06:35 GMT

Crypto Industry News:The Bolivarian National Guard in Puerto Ordaz, Venezuela, seized 315 Bitcoin mining machines manufactured by Bitmain. The owners of mining platforms were told that they did not have the necessary permits to own and operate machinery. ...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 06:34 GMT

The Japanese yen eased against the US dollar as traders reflected on the countrys machinery orders. Data from the statistics office showed that core machinery orders rose by 1.7% in May, which was better than the previous decline of 12%. Analysts were exp...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 06:30 GMT

Market movers today In Sweden, we get the almost new activity indicator (SCB] The post Dollar Descent appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 09 Jul 2020 06:29 GMT

The Australian Dollar has edged higher by 61 basis points or 0.87% against the US Dollar since Wednesday trading session. The currency pair breached the weekly resistance level at 0.6979 ...
rss: Technical Analysis • Published Thu, 09 Jul 2020 06:29 GMT

Crypto Industry News:Torus, a Singapore-based cryptographic key management platform, now allows users to send cryptocurrencies via social media platforms such as Twitter.According to the latest Torus update, v1.7.2, users can now send tokens to any Twitte...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 06:28 GMT

General Trend: Shanghai Composite rises 1% during morning session despite concerns in the local press about illegal margin lending IT shares outperform, financials lag Technology names trade generally higher in HK after the Nasdaq] The post Asia Tracks US...
rss: Technical Analysis • Published Thu, 09 Jul 2020 06:21 GMT

Technical Market Outlook:The GBP/USD bulls has broken through the 61% Fibonacci retracement located at the level of 1.2597 and continued the rally towards the level of 1.2640. The next target for bulls is seen at the level of 1.2686 and 1.2747. The immedi...
rss: Technical Analysis • Published Thu, 09 Jul 2020 06:15 GMT

Technical Market Outlook:The Bearish Engulfing candlestick pattern at the top of the EUR/USD last rally has forced bulls to pull-back towards the technical support located at the level of 1.1300, but the retreat did not last long. The bulls have manage to...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 06:06 GMT

For the 24 hours to 23:00 GMT, the GBP rose 0.54% against the USD and closed at 1.2610. On the data front, UK] The post UKs RICS Housing Price Balance Rose More-Than-Expected In June appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 06:02 GMT

For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.9384. On the data front, Switzerland] The post Switzerlands Unemployment Rate Unexpectedly Fell In June appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 05:59 GMT

For the 24 hours to 23:00 GMT, the AUD rose 0.53% against the USD and closed at 0.6983. LME Copper prices rose 1.8% or $108.0/MT to $6,194.0/MT. Aluminium prices climbed 1.4% or $22.5/MT to $1,619.0/MT. In the Asian session, at GMT0300, the pair is tradin...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 05:42 GMT

Light Crude Oil 45 minutes chart below shows that the commodity has ended wave (2) pullback at 37.09 low. From there, the commodity extended higher, with the rally unfolding as a diagonal Elliott Wave structure. Up from that wave (2) low, wave ((i)) ended...
rss: Technical Analysis • Published Thu, 09 Jul 2020 05:36 GMT

Forecast for July 9: Analytical review of currency pairs on the scale of H1: The key levels for the euro / dollar pair on the H1 scale are: 1.1467, 1.1424, 1.1393, 1.1376, 1.1349, 1.1330 and 1.1293. Here, we are following the rising structure from...
rss: Technical Analysis • Published Thu, 09 Jul 2020 05:27 GMT

Yesterday, the absorption pattern was formed in the direction of strengthening the Canadian dollar. This makes it possible to keep sales that were opened earlier and look for favorable prices to enter new positions with any growth. The target of the bea...
rss: Technical Analysis • Published Thu, 09 Jul 2020 05:15 GMT

GBP/JPY is heading towards key-resistance at 136.35. This resistance is expected to ultimately give way for a continuation towards the former peak at 139.74. Resistance will be seen at 137.30. In the short-term, we expect support at 135.01 and more import...
rss: Technical Analysis • Published Thu, 09 Jul 2020 05:07 GMT

Support near 121.31 gave away for a dip to the 121.10 target (the low was seen at 121.14) before the next push higher through minor resistance at 121.87. The pair rose to key-resistance at 122.11. Thus, a break above here will pave the way for an impulsiv...
rss: Technical Analysis • Published Thu, 09 Jul 2020 04:32 GMT

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rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 03:54 GMT

STOCKS Most indices could be seeing only mild profit-taking in the near term and could rise some more within the current relentless rally, before they eventually take some proper rest. The Dow (26067.28, +177.10, +0.68) has moved up after mild profit taki...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 03:28 GMT

Key Highlights AUD/USD is slowly rising and trading above the 0.6920 pivot level. An ascending channel is in place with support at 0.6870 on the 4-hours chart. Both EUR/USD and GBP/USD extended gains above 1.1300 and 1.2550 respectively. The US Initial Jo...
rss: Action Forex • Fundamental Analysis • Published Thu, 09 Jul 2020 03:13 GMT

On Wednesday, U.S. stocks rebounded despite potential consequences of spiking coronavirus cases across the country. The Nasdaq 100 Index jumped 142 points (+1.36%) to a fresh record close of 10666. The Dow Jones Industrial Average rose 177 points (+0.68%)...
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 03:11 GMT

On Wednesday, spot gold rose 0.8% to $1,809, surpassing $1,800 for the first time since 2011. Investors] The post Gold Short Term: Rally Getting Solid appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Thu, 09 Jul 2020 03:10 GMT

On Wednesday] The post USD/CAD Challenging Key Support appeared first on Action Forex....
rss: Technical Analysis • Published Thu, 09 Jul 2020 03:02 GMT

EUR/USD The euro confirmed its intention to form a new local high yesterday, above June 10 at 1.1420, and thereby form a divergence with the Marlin oscillator. The signal line of this indicator entered the positive trend zone. We are waiting for the p...
rss: Technical Analysis • Published Thu, 09 Jul 2020 02:48 GMT

AUD/USD The Australian dollar attacked the signal level of 0.6979 on Wednesday before attacking 0.7080. Our plan remains: the price will reach the target range of 0.7190-0.7225, form a triple divergence with the Marlin oscillator and turn into a mediu...