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The Weekly Bottom Line: Resilient Consumer Unlikely To Change Feds Mindrss: Action Forex • Fundamental Analysis • Published Sat, 20 Jul 2019 07:51 GMT

U.S. Highlights Chinese economic growth slowed 6.2% y/y in the second quarter of this year, as rising trade tensions weighed on activity. Signs of wear are also showing in the U.S., where industrial output continued to grow at a slow pace in June. U.S. ho...
Dollar Mixed and Stocks Fall as Markets Brace for More Global Easingrss: Action Forex • Fundamental Analysis • Published Sat, 20 Jul 2019 07:45 GMT

US stocks slipped from record highs following a wrath of mixed earnings results and despite a strong signal from Federal Reserve officials that they are ready to cut interest rates at the end of the month....
Week Ahead: UKs New PM, ECB and US GDPrss: Action Forex • Fundamental Analysis • Published Sat, 20 Jul 2019 07:40 GMT

The week ahead is set to be a quiet one in terms of macro data, but there will be plenty of company earnings to look forward to. In addition, the UK will welcome its new Prime Minister while the ECB will make a decision on interest rates. Here is the cale...
Weekly COT Report: USD Long Exposure Drops To A 3-Month Lowrss: Action Forex • Fundamental Analysis • Published Sat, 20 Jul 2019 07:38 GMT

As of Tuesday 16th of July: Net-long exposure for USD hit a 13-month low at $11.66 billion ($16.4 billion against G10) Traders are their most bullish on CAD futures since March 2018 Sterling traders extend net-short exposure to a 10-month high FX majors w...
EUR/USD for July 19,2019 - Bullish divergence on the Stochasticrss: Technical Analysis • Published Fri, 19 Jul 2019 15:13 GMT

EUR did exactly what I expected. Yesterday, EUR filed both my targets at 1.1240 and 1.1280. Anyway, today the sellers reacted on the overbought market from yesterday and EUR did back all the way down to 1.1214 (support). In my opinion, you should watch fo...
Whats Next for Sterling as Britain Flirts with a No-Deal Brexitrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 14:49 GMT

The British pound remains in the eye of the storm, as markets are waking up to the risk that a no-deal Brexit in October may be incoming Prime Minister Johnsons preferred route. The coming week will be decisive, as the Cabinet ministers Johnson picks coul...
Forward Guidance: US GDP Wons Dovishnessrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 14:45 GMT

Next week features only a few, second-tier Canadian indicatorswholesale trade and Canadas other labour market report. So attention will be on US data which is headlined by Fridays Q2 GDP release. Normally, the first cut of US GDP would have important poli...
EURCHF Creeps Up to 23-month Low Sellers Push Down Below the Borderrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 14:40 GMT

EURCHF continued southbound from a 6-month high of 1.1475 on April 23, breaking out of an 8-month period sideways move to push towards a 23-month low of 1.1055. Presently, sellers are fracturing the support trying to continue the bearish bias. The 14-day ...
Gold 07.19.2019 - Fake breakout of the 20-day highrss: Technical Analysis • Published Fri, 19 Jul 2019 14:39 GMT

Trading recommendation:Gold tried to sustain the break above the 20day high at $1.440 but I saw the rejection, which is the sign that Gold may back into the previous well defined trading range and also test support levels at $1.415-$1.401.Blue horizontal ...
Cryptocurrency Libra puts "sticks in the wheels" of digital assetsrss: Technical Analysis • Published Fri, 19 Jul 2019 14:20 GMT

The most popular digital currencies continued their decline on Thursday, July 18, due to the pressure of financial regulators on the crypto asset Libra, developed by the social network Facebook. The situation is not expected to improve today, on July 19. ...
FX Brief: Dollar Stages Relief Rallyrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 13:39 GMT

As the US session begins, the USD is the strongest and EUR the weakest. With USD/JPY at resistance, could the greenback ease back from here or stage a more meaningful rally to close the week The dollar has been on the rebound ever since a Fed spokesman la...
Canada Retail Sales Soft Again in Mayrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 13:36 GMT

Retail sales declined 0.1% in May. Excluding prices, sales were down 0.5%. The details of the May report dont look quite as soft as the headline. Most of the month-over-month decline was attributed to an unusually large 2.0% drop in food ] The post Canada...
Italian Elections, Canadian Sales Miss, Oil & Gold Rise on Downed Drone and Bitcoin Steadiesrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 13:20 GMT

Next week tech earnings pick up speed and expectations are low for results for companies in the S] The post Italian Elections, Canadian Sales Miss, Oil & Gold Rise on Downed Drone and Bitcoin Steadies appeared first on Action Forex....
NZD/JPY 1H Chart: Short-term advance expectedrss: Technical Analysis • Published Fri, 19 Jul 2019 12:00 GMT

The New Zealand Dollar has been appreciating against the Japanese Yen since the beginning of June. This movement has been bounded in the rising wedge pattern. ...
USDJPY Technically Bearishrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 11:43 GMT

The US dollar is starting turn heavily bearish against the Japanese yen currency, following a strong downmove toward the 107.20 level. The USDJPY pair has staged a minor recovery as the US dollar index attempts to find its composure once again. Selling at...
GBPUSD Lower High Weighsrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 11:42 GMT

The British pound has edged back towards critical support against the US dollar after the pair failed to post a new higher high. The GBPUSD pair could slip back towards the 1.2480 level if the 1.2510 level is broken over the upcoming US trading session. B...
Gold Drops After Flying To More Than 2-Year Highrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 11:40 GMT

Gold advanced to a more than two-year high of 1,452.87 earlier today, but quickly reversed lower near the previous highs of 1,438. The technical indicators seem to be overstretched in the daily timeframe as the RSI is reversing lower after it touched the ...
USD/JPY Outlook: Bears Pause For Profit-Taking, Negative Outlook While 107.80 Caps Upticksrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 11:38 GMT

The pair bounces from new low at 107.21 (Thu/Fri lows), boosted by profit-taking after two-day 108.32/107.21 fall. The dollar was hit by dovish comments from Fed on Thursday, but dips found footstep ahead of key support at 106.78 (25 June low), but bounce...
Silver storms topsrss: Technical Analysis • Published Fri, 19 Jul 2019 11:33 GMT

The attention of leading investors for a long time was riveted on gold but at the moment, it has switched to silver. The white metal is experiencing an unprecedented rally, its price is steadily increasing. Experts seek to understand the causes of what ...
USD/JPY Hits Resistance After Fed Walked Back Williams Dovish Commentsrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 11:29 GMT

About two hours after Europe closed yesterday, stocks and bonds jumped while yields and the dollar dropped as the market] The post USD/JPY Hits Resistance After Fed Walked Back Williams Dovish Comments appeared first on Action Forex....
European Update Fed, USD, Gold, Oil, Bitcoinrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 11:22 GMT

Markets buoyed by US rate cut hints Stock markets are ending the week on a high and once again we have the Fed to thank for it. Equities in the US enjoyed a nice rebound on Thursday when New York Fed President John Williams claimed that given the more lim...
EUR/USD Tests Support Clusterrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 11:19 GMT

Yesterday, the EUR/USD currency pair skyrocketed to the 1.1280 level and reversed south. During Friday] The post EUR/USD Tests Support Cluster appeared first on Action Forex....
XAU/USD Reached 1,445.00rss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 11:05 GMT

Yesterday, the XAU/USD exchange rate jumped to the 1,445.00 level. During today] The post XAU/USD Reached 1,445.00 appeared first on Action Forex....
More Speculation That Italy Will Be Forced Into Early Electionsrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 10:47 GMT

Notes/Observations New York Fed clarified that Feds Williams speech that view was not about possible Fed policy action but based on research US/China officials talk on trade but details not disclosed Asia: Japan Jun National CPI Y/Y: 0.7% v 0.7%e CPI Ex-f...
Technical analysis of NZD/USD for July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 10:45 GMT

Overview: The NZD/USD pair broke the resistance that turned into strong support at the level of 0.6612. The level of 0.9966 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as a major support on the H1 chart today. Consequent...
Technical analysis of EUR/USD for July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 10:32 GMT

Overview: The EUR/USD pair continues to move upwards from the level of 1.1179/1.1222 (support zone). Last week, the pair rose from the level of 1.1179 to a top around 1.1222 (currently price is set at the 1.1234 price). Today, the first resistance leve...
Markets Buoyed By US Rate Cut Hintsrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 10:16 GMT

Stock markets are ending the week on a high and once again we have the Fed to thank for it. Equities in the US enjoyed a nice rebound on Thursday when New York Fed President John Williams claimed that given the more limited resources at their disposal tha...
GBPCAD Tumbles From Congested Areas, Buyers Try To Gain Some Controlrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 10:11 GMT

GBPCAD slipped aggressively from the May 6 top of 1.7727, breaking through the congested support lines formed during the August 2018-March 2019 up leg, with buyers only seeming to make progress in stalling this down push yesterday. The short-term simple m...
USDTRY Pulls Back From 4-Month Low, Bearish In Short Termrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 10:10 GMT

USDTRY has been in a downtrend over the last two months following the pullback on the seven-month high of 6.2440. The pair is holding beneath the 20- and 50-simple moving averages (SMAs), however, the momentum indicators are signaling for some gains in th...
ECB Edges Closer To More Stimulus, US Reports Q2 GDP, UK To Get New PMrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 10:09 GMT

The European Central Bank is expected to steal the limelight from the Federal Reserve next week as it meets to discuss fresh stimulus measures for the Eurozone] The post ECB Edges Closer To More Stimulus, US Reports Q2 GDP, UK To Get New PM appeared first...
USD Under Pressure As Fed Rate Cut Possibility Increasesrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 10:01 GMT

USD was on the retreat yesterday as Fed officials strengthened expectations for the Fed to cut rates in its July meeting. NY Fed President John Williams held an argumentation about the Fed taking pre-emptive measures, which was interpreted as a dovish sig...
The US Dollar Is Recovering After A Decline A Day Earlierrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 09:57 GMT

The US dollar fell yesterday against a basket of major currencies after a speech by the head of the Federal Reserve Bank of New York, John Williams. The official said yesterday during the banking conference that in case low rates and inflation, the regula...
EUR/JPY Potential Upside Movementrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 09:49 GMT

The common European currency traded with low volatility against the Japanese Yen on Thursday. The currency pair made about 24 pips movement during yesterday] The post EUR/JPY Potential Upside Movement appeared first on Action Forex....
AUD/USD Might Make Brief Retracementrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 09:43 GMT

The Australian Dollar appreciated about 53 base points against the US Dollar on Thursday. The currency pair breached the weekly R1 at 0.7062 at the end of yesterday] The post AUD/USD Might Make Brief Retracement appeared first on Action Forex....
NZD/USD Bullish Marketrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 09:39 GMT

The New Zealand Dollar appreciated about 62 base points against the US Dollar on Thursday. The exchange rate tested the weekly R2 at 0.6787 during yesterday] The post NZD/USD Bullish Market appeared first on Action Forex....
SNB And Market Are At Collision Courserss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 09:17 GMT

After a brief flirtation with ] The post SNB And Market Are At Collision Course appeared first on Action Forex....
GBP/USD Outlook: Bulls Are Taking A Breather Under Key Barriers After 1% Advancerss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 09:03 GMT

Cable is consolidating under new recovery high at 1.2558, posted after Thursdays nearly 1% advance (the biggest one-day rally since 3 May). Upbeat UK retail sales inflated pound with further acceleration higher being sparked by dovish Fed view that sent d...
GBP/CAD Super-Dot Confirmed Counter Trend Moverss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 09:01 GMT

As you can see from the chart, the super-dot marked good buying opportunities in the GBP/CAD pair due to extreme oversold levels. The POC zone 1.6200-10 has provided bulls with a fresh buying opportunities due to oversold + profit taking which happened wh...
EUR/USD Outlook: Bullish Bias Above Daily Cloud But Key Barriers Still Caprss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:43 GMT

The Euro stays bid and holding under session high at 1.1281 in early European trading after overnight] The post EUR/USD Outlook: Bullish Bias Above Daily Cloud But Key Barriers Still Cap appeared first on Action Forex....
Gold Stays Firm, Rises To A Fresh 6-Year Highrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:41 GMT

The precious metal held steady on Thursday and is likely to post another week near the six-year highs. Gold prices gained despite some strong regional manufacturing data. The Philly Fed manufacturing index rebounded in July from a 4-month low. The data ga...
Crude Oil Continues Its Descentrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:41 GMT

Oil prices continued to decline sharply on Thursday. The earlier gains in crude oil prices were erased as the commodity slipped to the lowest level in a month. Crude oil prices attempted to bounce higher earlier in the day. This came after news reports th...
Euro Looks To German PPI & Current Accountrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:40 GMT

The euro currency traded flat on Thursday ahead of next week] The post Euro Looks To German PPI & Current Account appeared first on Action Forex....
Strait Of Hormuz And Crude Oil Recoveryrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 08:37 GMT

Oil broke it four consecutive days of losses on the back of the news that an American warship down an Iranian drone near the Strait of Hormuz yesterday. President Trump said on Thursday that the US immediately destroyed the drown which was only a few thou...
GBPUSD Watching 1.2550rss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:30 GMT

The British pound continues to enjoy fresh buying interest against the US dollar as bulls hold price above the pivotal 1.2530 level. Further intraday gains above the 1.2550 level could propel the GBPUSD pair towards the 1.2610 resistance area. The GBPUSD ...
LTCUSD Watching 100.00 Levelrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:29 GMT

Litecoin has staged a strong recovery alongside Bitcoin, with the fourth-largest cryptocurrency posting double-digit gains on Friday. The LTCUSD pair has recovered back to key neckline resistance, although bulls are still struggling with the $100.00 resis...
EURUSD 1.1200 Holds Againrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:28 GMT

The euro is trading back above the 1.1248 level against the US dollar in early Friday trade after bears once again failed to move the pair below the 1.1200 level. Bulls now need to move price above the 1.1285 level to encourage fresh EURUSD buying interes...
The British Pound Tumbles Over Brexit Worst Case Scenariorss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 08:25 GMT

The price of crude oil rose sharply after the US shot down an Iranian drone in the Strait of Hormuz. This came after the drone reportedly threatened an American warship. The incident took place a few weeks after Iran shot down an American drone that it cl...
Simplified wave analysis and forecast for EUR/USD and GBP/USD on July 19rss: Technical Analysis • Published Fri, 19 Jul 2019 08:20 GMT

EUR/USD Since June 25, a downward wave model has been developing on the chart of the European currency. In the last 2 weeks, within its framework, a correction is formed in the flat corridor, which has a distinct zigzag shape. The wave structure looks com...
Cautious Fed Remarks Take The Wheels Off Dollarrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 08:19 GMT

Dovish remarks by key Fed officials push greenback lower WTI crude oil at four-week low amid conflicting signals in US-Iran conflict Canadian retail sales and more Fed-speak dominate the agenda today Feds Williams argues for preventive easing, sends dolla...
GBPJPY Shows Signs Of Fading Descending Move, Indicators Increaserss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:04 GMT

GBPJPY is still facing signs of a fading descending move as the RSI and the MACD keep moving higher, posting a positive divergence at a time when price seems to be edging lower in the daily timeframe. Currently, the pair is finding strong resistance at th...
USDCAD Death Cross Points To More Bearish Breakoutsrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 08:03 GMT

USDCAD experienced an uneventful week, moving sideways between the 20-day simple moving average (SMA) and its new ten-month low of 1.3015. In Ichimoku indicators, the red Tenkan-sen is flattening well below the blue Kijun-sen, while the RSI and the MACD k...
Dangerous Distortions In The Markets Due To Fed Softnessrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 08:01 GMT

The President of the Federal Reserve Bank of New York (the most influential of the regional banks) noted on Thursday that policymakers should not wait for an economic disaster to hit before adding stimulus. Note that the comments of Fed members over the p...
DAX Key Resistance At 12295.00rss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 07:40 GMT

Pivot (invalidation): 12295.00 Our preference Short positions below 12295.00 with targets at 12160.00 & 12100.00 in extension. Alternative scenario Above 12295.00 look for further upside with 12340.00 & 12400.00 as targets. Comment The RSI is bearish and ...
Asian, US Stocks Rise As Markets Expect Fed Stimulusrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 07:36 GMT

Asian stocks are taking their cues from their US counterparts to push higher, after Fed officials appeared to call for US monetary policy stimulus in the near-term.On Thursday, Federal Reserve Bank of New York, President, John Williams, said that central ...
USD/TRY Towards 5.5620rss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 07:35 GMT

Pivot (invalidation): 5.6600 Our preference Short positions below 5.6600 with targets at 5.5970 & 5.5620 in extension. Alternative scenario Above 5.6600 look for further upside with 5.6850 & 5.7090 as targets. Comment A break below 5.5970 would trigger a ...
AUD/USD Aim @ 0.7105rss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 07:35 GMT

Pivot (invalidation): 0.7050 Our preference Long positions above 0.7050 with targets at 0.7090 & 0.7105 in extension. Alternative scenario Below 0.7050 look for further downside with 0.7035 & 0.7025 as targets. Comment The RSI advocates for further upside...
USD/JPY Key Resistance At 107.65rss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 07:32 GMT

Pivot (invalidation): 107.65 Our preference Short positions below 107.65 with targets at 107.35 & 107.20 in extension. Alternative scenario Above 107.65 look for further upside with 107.85 & 108.05 as targets. Comment The upward potential is likely to be ...
GBP/USD Aim @ 1.2600rss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 07:29 GMT

Pivot (invalidation): 1.2520 Our preference Long positions above 1.2520 with targets at 1.2575 & 1.2600 in extension. Alternative scenario Below 1.2520 look for further downside with 1.2495 & 1.2460 as targets. Comment A support base at 1.2520 has formed ...
Deal Mirage, Earnings Unease & G7 Chatterrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 07:20 GMT

A fresh report on Wednesday saying the US-China have failed to make any progress since the G20 hurt sentiment. Moreover, there is a growing sense that the conditions aren] The post Deal Mirage, Earnings Unease & G7 Chatter appeared first on Action Forex....
Currencies: Dollar Declines As Market Revives Aggressive Rate Cut Betsrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 07:17 GMT

Rates: Fed governors give final dovish push The short term US rate market is roughly split about the outcome of the July FOMC meeting (25 bps or 50 bps rate cut) after final dovish Fed comments ahead of the blackout period. Today] The post Currencies: Dol...
USD/JPY pierces July decline channelrss: Technical Analysis • Published Fri, 19 Jul 2019 06:57 GMT

The US Federal Reserve announced on Thursday another confirmation that most likely an interest rate cut will be done in the near future. This event caused a drop of the ...
China And US Talk On Phone About Trade, Japan Inflation In Linerss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 06:56 GMT

General Trend: Early Asia session the USD strengthened against the majors and gold fell after the New York Fed clarified that Feds Williams comments in earlier speech were not about possible Fed policy action but based on research, academics (commented: c...
Fed To Cut Rates By 25Bp Or 50Bp On 31 Julyrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 06:54 GMT

Market movers today The data calendar brings no tier 1 releases in today] The post Fed To Cut Rates By 25Bp Or 50Bp On 31 July appeared first on Action Forex....
USD/JPY Bears Lose Control At 78.6% Fibonaccirss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 06:51 GMT

The USD/JPY long-term direction could soon be decided. The breakout direction will be the decisive factor whether the price will enter into a long-term up or downtrend. For the moment, the current wave outlook is favoring the end of the wave 2 (pink) at t...
GBP/USD: plan for the European session on July 19. Good news on Brexit and the North Irish border are pushing the pound uprss: Technical Analysis • Published Fri, 19 Jul 2019 06:49 GMT

To open long positions on GBP/USD, you need: Yesterday, a good report on retail sales in the UK set a bullish tone for the market, and news of an alternative proposal from the EU on the problematic issue of the North Irish border continued the upward mome...
GBP/USD consolidates after jumprss: Technical Analysis • Published Fri, 19 Jul 2019 06:41 GMT

On Friday morning, the GBP/USD traded at the 1.2540 level. The rate had made failed attempts to pass the resistance of the 1.2560 level. In general, the rate was expected ...
Chart Of The Day/ S&P 500 Futures (ES_F) Elliott Wave View: Correction Endedrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 06:37 GMT

Elliott wave view in S] The post Chart Of The Day/ S&P 500 Futures (ES_F) Elliott Wave View: Correction Ended appeared first on Action Forex....
Burning forecast 07/19/2019 EURUSD and trading recommendationrss: Technical Analysis • Published Fri, 19 Jul 2019 06:25 GMT

On Thursday evening, the euro and the pound received a strong customer support.The euro almost touched the 1.1285 mark.We expect a new wave of growth of the euro.From the point of view of technical analysis, you can buy at the breakthrough above - to the ...
Trading plan for EURUSD on 07/19/2019rss: Technical Analysis • Published Fri, 19 Jul 2019 06:13 GMT

Buyers turned the euro up from 1.1200.There is no important news.The market begins to prepare for the ECB meeting next week on July 25th.Buy at the breakthrough of 1.1290 to the top.We sell from 1.1190.The material has been provided by InstaForex Company ...
UKs Retail Sales Surprisingly Advanced In Junerss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 05:56 GMT

For the 24 hours to 23:00 GMT, the GBP rose 0.82% against the USD and closed at 1.2535. On the data front, UK] The post UKs Retail Sales Surprisingly Advanced In June appeared first on Action Forex....
Japans Inflation Advanced As Estimated In Junerss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 05:54 GMT

For the 24 hours to 23:00 GMT, the USD declined 0.50% against the JPY and closed at 107.42. In the Asian session, at GMT0300, the pair is trading at 107.52, with the USD trading 0.09% higher against the JPY from yesterday] The post Japans Inflation Advanc...
Switzerlands Trade Surplus Expanded In Junerss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 05:52 GMT

For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CHF and closed at 0.9831. In economic news, Switzerland] The post Switzerlands Trade Surplus Expanded In June appeared first on Action Forex....
Loonie Trading On A Positive Footing In The Asian Sessionrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 05:51 GMT

For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD and closed at 1.3040. In the Asian session, at GMT0300, the pair is trading at 1.3028, with the USD trading 0.09% lower against the CAD from yesterdays close. The pair is expected to fi...
ETH/USD 4H Chart: Bounces off supportrss: Technical Analysis • Published Fri, 19 Jul 2019 05:37 GMT

The Ethereum cryptocurrency has revealed a new descending channel pattern against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 195.51 on July 16. ...
Daily Forex Technical Strategyrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 05:36 GMT

EUR/USD Mix elements Surpassed above the 1.1250 key short-term pivotal resistance that has negated the preferred bearish tone. Mix elements at this juncture prefer to turn neutral between 1.1285 and 1.1240. An hourly close above 1.1285 shall validate an ...
BTC/USD 4H Chart: Tests resistance at 10924.3rss: Technical Analysis • Published Fri, 19 Jul 2019 05:35 GMT

During last week trading sessions, the Bitcoin cryptocurrency depreciated about 22.76% in value against the US Dollar. ...
Gold Hits 6-Year High On Heightened Middle East Tensionsrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 05:29 GMT

Safe havens and a weaker dollar Gold extended its recent rally to a third day in Asia, advancing to the highest since May 2013 in early trading. An escalation in tensions in the Middle East yesterday fuelled golds breakout from a triangle pattern that had...
Technical analysis of GBP/USD for 19/07/2019:rss: Technical Analysis • Published Fri, 19 Jul 2019 05:25 GMT

Technical Market Overview:The GBP/USD pair has bounced strongly from the technical support at the level of 1.2381 and the bulls have even broken through the descending trendline resistance located at the level of 1.2525. The local high was made at the lev...
Technical analysis of EUR/USD for 19/07/2019:rss: Technical Analysis • Published Fri, 19 Jul 2019 05:20 GMT

Technical Market Overview:The EUR/USD pair has bounced again from the technical support located at the level of 1.1206 and currently, the bulls are trying to test the technical resistance level located at 1.1284. A breakout above this level woul directly ...
Trading plan for US Dollar Index for July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 05:03 GMT

Technical outlook:The US dollar index dropped lower towards 96.66 yesterday fulfilling minimum requirements for a corrective drop a-b-c as labelled above. It is still possible that the underlying prints yet another shallow low at 96.50 before turning arou...
Elliott wave analysis of GBP/JPY for July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 04:53 GMT

GBP/JPY has seen a nice rally from the 133.84 low and the break above minor resistance at 134.62 is the first good indication that wave 2 now is complete and wave 3 is developing. Short-term, we are likely to see a minor corrective set-back to support nea...
Forecast for GBP / USD pair on July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 04:45 GMT

GBP / USD pair On Thursday, the sterling pound gained 115 points in the background of the general anti-dollar market sentiment. The stop occurred on the balance line of the daily chart. At the same time, the Marlin oscillator signal line also lies in ...
Forecast for AUD / USD pair on July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 04:45 GMT

AUD / USD pair On Thursday, the Australian dollar followed the rest of the market and grew by 66 points. The falling price channel was broken and now, it simply disappeared. It stopped at a price level of 0.7086, which was the minimum of September 11,...
Elliott wave analysis of EUR/JPY for July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 04:44 GMT

EUR/JPY is now close to testing our ideal downside target at 120.62. The low has been seen at 120.76. This is enough to reach our target and complete the wave II as well as turn EUR/JPY higher in a new impulsive rally in the wave III. The first strong ind...
Trading plan for EUR/USD for July 19, 2019rss: Technical Analysis • Published Fri, 19 Jul 2019 04:39 GMT

Technical outlook:Yesterday, the EUR/USD pair managed to test recent swing highs around the 1.1280/2 levels. The EUR bulls failed to hit another high unlike its counter US Dollar Index which had made a swing low as expected. We would still give a chance f...
GOLD Price Rising While Crude Oil Price Struggling To Recoverrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 04:17 GMT

Gold price remained in a positive zone and traded above the $1,420 and $1,430 resistance levels. Crude oil price declined recently and tested the key $55.00 support area. Important Takeaways for Gold and Oil Gold price remained well supported above the $1...
USD/JPY Could Retest 107.00 Before Fresh Increaserss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 04:07 GMT

Key Highlights The US Dollar struggled near 109.00 and declined below 108.00 against the Japanese Yen. USD/JPY traded below a major bullish trend line with support at 108.05 on the 4-hours. The US Initial Jobless Claims for the week ending July 13, 2019 i...
Market Morning Briefing: Dollar-Yen Is Trading Near Support At Current Levelsrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 03:51 GMT

STOCKS Equities continue to trade lower. The renewed concerns on the US-China trade war on one side and increasing hopes for a rate cut from the Fed later this month on the other side keeps the market little mixed and cautious. The near-term view remains ...
Cliff Notes: June Employment Disappoints, Highlighting Risks for RBArss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 03:46 GMT

Key insights from the week that was. For Australia, the June labour force survey was key this week. Offshore, China data and remarks from FOMC officials were most noteworthy. Beginning with Australias labour force, employment growth disappointed in June, ...
Short-Term Outlook: All About Earnings, Trade, And Easingrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 03:40 GMT

Risk appetite is waning as earnings season picks up and as political posturing between the Chinese and Americans see no substantial progress on the trade front. US stocks have been unable to extend the record rally despite a relatively good start to earni...
GBPUSD Corrective Bull Pressure Remains Intactrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 03:29 GMT

GBPUSD corrective bull pressure remains intact as we look for price extension. Support comes in at 1.2500 with a turn below that level shifting focus to the 1.2450 level. Further down, support resides at the 1.2400 level where a break will turn attention ...
EURGBP Faces Price Sell-Offrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 03:29 GMT

EURGBP faces price selloff after rejecting higher prices on Wednesday. This development now leaves risk lower towards the 0.8950 zone. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below...
Fed Slams The Dollar AUD/USD, USD/JPYrss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 03:28 GMT

Dovish comments from Fed officials has put a 50bps cut in July back onto the table for markets, and markets were quick to respond. Fed] The post Fed Slams The Dollar | AUD/USD, USD/JPY appeared first on Action Forex....
FX Brief: Greenback Pummeled As Odds Of A 50bps Rate Cut Riserss: Action Forex • Fundamental Analysis • Published Fri, 19 Jul 2019 03:24 GMT

The US dollar was the weakest major currency on the day as traders increased bets on a 50bps ] The post FX Brief: Greenback Pummeled As Odds Of A 50bps Rate Cut Rise appeared first on Action Forex....
Gold Looks Poised For New 2019 Highsrss: Action Forex • Technical Analysis • Published Fri, 19 Jul 2019 03:23 GMT

Gold was coming off its lows after starting the day on the back foot, following yesterday] The post Gold Looks Poised For New 2019 Highs appeared first on Action Forex....
Fractal analysis of major currency pairs on July 19rss: Technical Analysis • Published Fri, 19 Jul 2019 01:19 GMT

Forecast for July 19: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1342, 1.1299, 1.1286, 1.1249, 1.1236, 1.1217, 1.1197 and 1.1169. Here, we follow the formation of the initial con...
July 18, 2019 : GBP/USD Intraday technical analysis and trade recommendations.rss: Technical Analysis • Published Thu, 18 Jul 2019 16:18 GMT

Since May 17, the previous downside movement within the depicted bearish channel came to a pause allowing the recent sideway consolidation range to be established between 1.2750 - 1.2550 with a prominent key-level around 1.2650.In June , temporary bullish...
GBP/USD. July 18th. Results of the day. An unexpected statement by Michel Barnier resurrected the poundrss: Technical Analysis • Published Thu, 18 Jul 2019 16:03 GMT

4-hour timeframe The amplitude of the last 5 days(high-low): 74p 60p 67p 125p 75p. The average amplitude over the last 5 days: 80P(81p). The British pound is finally able to breathe more or less freely after a report on retail sales in the U...
MARKET WRAP: Earnings Pulled Stocks Lowerrss: Action Forex • Fundamental Analysis • Published Thu, 18 Jul 2019 15:10 GMT

*Netflix and MS pulled the markets lower *Gold maintained its level of 1400 despite some strong US economic data. Stocks The S] The post MARKET WRAP: Earnings Pulled Stocks Lower appeared first on Action Forex....
USDCAD challenges long-term lower channel boundaryrss: Technical Analysis • Published Thu, 18 Jul 2019 14:15 GMT

USDCAD at 1.3030 has challenged the lower boundary of its long-term upward sloping channel from September of 2017 lows. Price has the potential to stage a bullish reversal especially if price breaks above 1.3140.Blue upward sloping lines - long-term bulli...