Brokers

rss: Technical Analysis • Published Fri, 30 Jul 2021 17:34 GMT

The wave counting of the 4-hour chart for the Euro/Dollar instrument has acquired a more readable and complete form. After the instrument spent several weeks with a minimum amplitude, it still began to increase, which can be considered an independent wave...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 16:50 GMT

U.S. Highlights Thursdays second quarter GDP report underwhelmed, but a solid foundation for future growth is developing. The pandemic continues to present supply chain challenges that are both driving prices higher and weighing on economic growth. Consum...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 16:43 GMT

Julys employment reports are expected to show labour market conditions continued to improve in both Canada and the US. Similar to June, the hospitality sector will drive much of job gains in July as the economies continue to reopen. In Canada, we expect e...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 16:39 GMT

Country US The upcoming jobs report will be pivotal for the Fed in deciding whether the economy is headed toward hitting their substantial progress goal....
rss: Technical Analysis • Published Fri, 30 Jul 2021 15:35 GMT

EURJPY continues to trade inside the bullish channel since October 2020. Price recently reached very close to the lower channel boundaries and provided bullish RSI divergence signals.Red lines - bullish channelBlue lines- bullish divergenceEURJPY has supp...
rss: Technical Analysis • Published Fri, 30 Jul 2021 15:31 GMT

Bitcoin has manage to push above $40,000 today but the advance has stopped as this is a very important resistance area. If bulls manage to recapture $40,000 and break above $41,000, we could see more upside towards $50,000.Red lines - resistance trend lin...
rss: Technical Analysis • Published Fri, 30 Jul 2021 15:27 GMT

EURUSD has recently provided a reversal bullish signal. We have been bullish EURUSD when it was trading below 1.18 and above 1.1750. Using the Ichimoku cloud indicator we confirm that short-term trend has turned bullish and we now identify key levels of s...
rss: Technical Analysis • Published Fri, 30 Jul 2021 15:23 GMT

Gold price has broken above the short-term Ichimoku cloud resistance. Price has now provided a bullish signal and after the break out we could expect a back test to be performed before the up trend continues.Gold price is trading above the Ichimoku cloud....
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 14:53 GMT

Global markets will go into overdrive next week, with two central bank meetings and a landslide of data coming up. The RBA will probably reverse its tapering plans amid extended lockdowns in Australia, whereas the Bank of England might strike a slightly m...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 14:48 GMT

The Euro eases from one-month high on Friday, as bulls run out of steam following nearly 1% advance this week. US consumer spending rose above expectations in June and inflation accelerated further above Feds 2% target that boosted the dollar on Friday an...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 14:21 GMT

Key takeaways The UK economy was one of the hardest hit by the pandemic but we think the economic outlook looks bright. The relationship between new cases and hospitalisations have weakened significantly and the economy is fully re-opened. Consumer and bu...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 14:15 GMT

The Japanese yen has reversed directions on Friday and is slightly lower. Currently, USD/JPY is trading at 109.70, up 0.22% on the day. Fed Chair Jerome Powell performed masterfully at this weeks FOMC meeting, and the markets took the Feds rather dovish m...
rss: Technical Analysis • Published Fri, 30 Jul 2021 13:54 GMT

After having reached the resistance of the psychological level of $ 40,000 and having gained 41% in a few days, Bitcoin is making a retracement. This bullish momentum, that BTC had from the low of 29,000, has led it to test the 4/8 murray resistance zo...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 13:50 GMT

Summary Eurozone Q2 GDP grew a stronger-than-expected 2.0% quarter-over-quarter, with particularly strong gains reported for Italy and Spain. July inflation remained contained overall, as the headline CPI quickened only slightly to 2.2% year-over-year. Co...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 13:36 GMT

Personal income edged up 0.1% in June, even as economic impact payments continued to pull back in the month, beating expectations for a fall of 0.3%. Wages and salaries increased by solid 0.7%. The rise was smaller than the increase in prices in the month...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 13:35 GMT

The Canadian economy declined for the second straight month in May, contracting by 0.3%, in line with Statistic] The post Canada: GDP Declines for Second Straight Month in May appeared first on Action Forex....
rss: Technical Analysis • Published Fri, 30 Jul 2021 12:57 GMT

EUR/USD records new tops beyond 1.1900 on Friday.Further upside is seen re-testing peaks around 1.1975.The EUR/USD pair is trading around the 1.19 mark after the eurozone Q2 Prelim GDP beat estimates with 2% while US PCE inflation rose by less than antici...
rss: Technical Analysis • Published Fri, 30 Jul 2021 12:16 GMT

Technical analysis: BTC has been trading downwards today and there is the breakout mode active. Trading recommendation: Watch for the selling opportunities on the rallies due to the breakout of the contraction (symmetrical triangle) in the background. ...
rss: Technical Analysis • Published Fri, 30 Jul 2021 12:06 GMT

Technical analysis: EUR/USD has been trading upwards as I expected. The price tested main upside objective at the price of 1,1900 but there is still more potential for the upside movement towards 1,1965. Trading recommendation: Watch for the buying o...
rss: Technical Analysis • Published Fri, 30 Jul 2021 11:56 GMT

Technical analysis: Gold has been trading upwards as I expected. The price tested main upside objective at the price of $1,830 but there is still more potential for the upside movement towards $1,845. Trading recommendation: Watch for potential break...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 11:38 GMT

The Canadian dollar has enjoyed an excellent week, with gains of 1.0%. With key events on both sides of the border as we wrap up the week, we could see some strong movement from USD/CAD in the North American session. The US dollar remains under pressure a...
rss: Technical Analysis • Published Fri, 30 Jul 2021 11:03 GMT

EUR / USD, H4 chart. A new bullish trend emerged after wave 4, which took the form of a flat plane and has a bearish impulse [C], ended.Impulse [C] consists of subwaves (1) - (2) - (3) - (4) - (5), where wave (5) has a diagonal pattern, which indicates...
rss: Technical Analysis • Published Fri, 30 Jul 2021 10:51 GMT

Technical outlook:Bitcoin has rallied as expected and discussed over the last few trading sessions, hitting potential targets close to $41,000/42,000 levels. The rally could still extend towards $42,000 mark but it is advisable to most traders to book pro...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 10:44 GMT

The euro is in green territory for a fifth successive day as the dollar continues to show broad weakness. EUR/USD is up 1.1% this week and is poised to record its best week since May. German CPI outperforms target The markets are being treated to a data d...
rss: Technical Analysis • Published Fri, 30 Jul 2021 10:37 GMT

Technical outlook:EURUSD has rallied through fresh highs today around 1.1908 levels before pulling back. As discussed yesterday, the currency is now facing strong resistance at the backside of support turned resistance trend line and bears might be back s...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 10:16 GMT

The EUR/CHF has had a big drop but its at an important support zone now. Buying the support might be a good option. We have two distinctive points for a velly for buyers. Historical and present support are close together. 1.0732-1.0765 is the zone. This m...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 10:12 GMT

Notes/Observations Various EU GDP data showed a rebound in economic activity and was expected to continue. German economy returned to growth in Q2 but bounced back less strongly than expected. Risk aversion sentiment from Amazons warning and a fresh China...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 09:40 GMT

Oil prices rebound in delayed inventory reaction Oil prices rallied strongly overnight in what appears to be a delayed reaction to the substantial US official crude inventory falls by crude and gasoline stockpiles the night before. From my perspective, it...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 09:37 GMT

US dollar falls on US data The retreat by the US dollar continued overnight, as US GDP and Initial Jobless Claims reinforced transitory inflation sentiment, flattening the US yield curve. The dollar index fell by 0.45% to 91.88, although delta-variant ner...
rss: Technical Analysis • Published Fri, 30 Jul 2021 09:28 GMT

The International Monetary Fund (IMF) needs to increase its resources to realize its goal to track, advise and help manage cryptocurrencies.This is because in order for digital money to make payments more affordable, faster, and cheaper, regulators need t...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 09:18 GMT

Last quarter, US GDP increased to 6.5% (previous 6.4%) in annual terms, significantly lower than 8.5% expected by economists. Weekly jobless claims fell to 400,000 (previous 424,000), but also below expectations of 382,000. Against the background of this ...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 09:16 GMT

Market mood sours again as China crackdowns, mixed earnings and Delta fears all weigh Dollar halts slide but struggles to regain positive footing after dovish Fed and soft data Pound sets sights on $1.40 as others lag, gold battles to reclaim $1,830/oz Mi...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 09:13 GMT

Asian equities fall for no apparent reason Asia equity markets have mostly fallen today, with North Asian markets leading the charge lower. This is in strong contrast to North America, where strong earnings and benign inflation expectations saw the leadin...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 09:12 GMT

North Asian equity heavyweights have deviated from the price action on Wall Street overnight, heading directly South this morning. Mainland China, Hong Kong, Japan and South Korean stock markets are all well and truly in the red, despite Wall Street shrug...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 09:10 GMT

The Euro found support near the 1.1770 zone and formed a support base against the US Dollar. The EUR/USD pair started a decent upward move above the 1.1800 resistance. It surpassed the 1.1820 resistance level and settled above the 50 hourly simple moving ...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 08:26 GMT

USDCAD retreated below the short-term supportive trendline and to a two-week low of 1.2431 on Thursday following the multiple rejections from the 200-day simple moving average (SMA). The current consolidation area around 1.2440 overlaps with July 9-13s su...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 08:24 GMT

Cable remains firm and holding near a five-week high on Friday, pressuring key barriers at 1.3990/1.4000 (Fibo 61.8% of 1.4249/1.3571/twisting daily cloud/psychological). The pair advanced strongly this week and is on track for the biggest weekly gains si...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 08:23 GMT

Asian markets are losing again on Friday and are on track for their worst monthly decline since last March. However, we do note a marked improvement in sentiment compared to the start of the week. Friday] The post US Goes For WorstCase Scenario For The Do...
rss: Technical Analysis • Published Fri, 30 Jul 2021 07:42 GMT

Technical Market Outlook:The GBP/USD pair has been seen consolidating just below the key short-term supply zone located between the levels of 1.3965 - 1.4000. The technical support is seen at the level of 1.3832 and 1.3908. Sustained breakout above the 1....
rss: Technical Analysis • Published Fri, 30 Jul 2021 07:41 GMT

As the 55-hour simple moving average approached the USD/JPY from above, it pushed the USD/JPY down. At midnight to Friday, the rate had shortly reached below the 109.40 mark. ...
rss: Technical Analysis • Published Fri, 30 Jul 2021 07:38 GMT

Technical Market Outlook:The bulls had broken out of the Falling Wedge pattern at the EUR/USD chart and are about to test the level of 1.1895 which is the upper line of the key short-term resistance. If the level is clearly violated, then the next target ...
rss: Technical Analysis • Published Fri, 30 Jul 2021 07:29 GMT

The GBP/USD failed to reach the 1.4000 mark. On Thursday, the rate bounced off the resistance of the 1.3983 level. On Friday morning, the rate appeared to be retracing down ...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:29 GMT

GBPJPY is challenging the 40-day simple moving average (SMA) and the 153.40 resistance, following the bounce off the 148.45 support level. A successful jump above 153.40 could take the market towards the 40-month peak of 156.06 before meeting the 156.50 b...
rss: Technical Analysis • Published Fri, 30 Jul 2021 07:17 GMT

GBPUSD has been on an uptrend and has reached a key graphical swing high and 100% Fibonacci extension level at our 1st resistance at 1.39821. A short term drop towards ascending trendline support and 1st support at 1.39018 could be possible. Stochastic is...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 07:17 GMT

Market movers today Today, we have plenty of interesting data releases. After the preliminary US Q2 GDP data released yesterday, estimates for Q2 GDP for the euro area (including country-specific data for Germany, France, Italy and Spain) are due out toda...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:14 GMT

Technical analysis The daily time frame shows that the BTCUSD pair is trading above its key 50-day moving average and attempting to break its 100-day moving average. The RSI indicator is approaching overbought territory across the daily time frame, howeve...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:13 GMT

Technical analysis The XRPUSD pair has broken sharply to the upside and is fast approaching its key 200-day moving average, which is located close to the 0.7700 level. According to the MACD indicator on the daily time frame the XRPUSD pair still has signi...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:12 GMT

Technical analysis XAUUSD has turned bullish on the four-hour time fram as a large inverted head and shoulders pattern has finally been ignited to the upside. The four-hour time frame also shows that the MACD indicator has turned bullish, with the MACD hi...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:11 GMT

Technical analysis The daily time frame shows that the USDJPY pair is trading under the neckline of a large head and shoulders pattern, which is pointing to more heavy losses. The Momentum indicator on the daily time frame shows that substantial amount of...
rss: Technical Analysis • Published Fri, 30 Jul 2021 07:10 GMT

Today, the focus of the economic calendar is on preliminary data on inflation in Europe, where it is predicted that consumer prices will rise to the level of 2%. It is unlikely that the statistics on inflation will help the European currency in any way. ...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:10 GMT

Technical analysis The USDCAD pair is still sliding lower after suffering multiple heavy technical rejections from its trend defining 200-day moving average. The daily time frame shows that a bearish head and shoulders pattern has also formed and is close...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 07:08 GMT

The US dollar rose slightly after relatively weak GDP data. The numbers showed that the American economy grew at a lower pace than expected. It rose by 6.5% in the second quarter, lower than the expected 8.5%. It was just a modest improvement from the 6.3...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 07:04 GMT

Markets Yesterday, global markets enjoined a rather calm, constructive trading session. Uncertainty on the China regulatory overhaul moved a bit to the background. The Fed] The post The First Estimate Of The EMU GDP appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:03 GMT

The Dow Jones index found support from the prospect of continuous stimulus in the US. The index consolidated its gains after it rallied above the peak at 35100. 34800 is a fresh support as buyers have a stake in after the breakout confirmation. US indices...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:02 GMT

The US dollar tumbled as US GDP growth in Q2 came out below market expectation. The breakout below 0.9120 was a confirmation that the bears have gained the upper hand following a three-week-long consolidation. Bearish sentiment accrued as momentum traders...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 07:01 GMT

The Japanese yen finds support as Junes unemployment rate fell below 3%. A bearish MA cross on the daily chart is likely to cloud buyers moods. The pair has met stiff selling pressure near 110.60. The FOMC whipsaw was a sign that sellers still retain cont...
rss: Technical Analysis • Published Fri, 30 Jul 2021 06:27 GMT

During the past day, the bitcoin exchange rate has not changed. The quotes of bitcoin are still located near the upper border of the side channel, and traders and investors are wondering what to do next. We have already noted several times the importance...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 06:17 GMT

On Thursday, the yellow metal] The post GOLD Breaks 1,825.00 Resistance appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 06:15 GMT

General trend Hang Seng again weighed down by TECH index. Shanghai Composite ended morning trading off of the lows [Consumer Staples and Financial indices declined IT index gained]. Nikkei has extended decline Companies expected to report earnings include...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 06:11 GMT

During the GMT midnight hour to Friday, the EUR/USD approached the resistance of the weekly R3 simple pivot at 1.1897 and the 1.1900 mark. However, the rate reversed its direction on Friday morning and retraced down. An extension of the decline could look...
rss: Technical Analysis • Published Fri, 30 Jul 2021 06:02 GMT

As the 55-hour simple moving average approached the USD/JPY from above, it pushed the USD/JPY down. At midnight to Friday, the rate had shortly reached below the 109.40 mark. Afterwards, ...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 05:53 GMT

A fall of this magnitude in Chinese stocks would have flowed through into other regional capital markets in days gone past. One of my best days of trading ever was pre the GFC while part of the proprietary trading team at Goldmans in Sydney after a 10% fa...
rss: Technical Analysis • Published Fri, 30 Jul 2021 05:53 GMT

The GBP/USD failed to reach the 1.4000 mark. On Thursday, the rate bounced off the resistance of the 1.3983 level. On Friday morning, the rate appeared to be retracing down ...
rss: Technical Analysis • Published Fri, 30 Jul 2021 05:43 GMT

During the GMT midnight hour to Friday, the EUR/USD approached the resistance of the weekly R3 simple pivot at 1.1897 and the 1.1900 mark. However, the rate reversed its ...
rss: Technical Analysis • Published Fri, 30 Jul 2021 05:34 GMT

Silver finally seems to have complete a triangle formation, that has been under development almost a year. We have already seen the first signs that wave E of wave 4 has completed by break above minor resistance at 25.46 and we are now looking for a break...
rss: Technical Analysis • Published Fri, 30 Jul 2021 04:34 GMT

The USD / JPY pair, in 4-hour charts, is trading within a downtrend channel, after having reached the minimum of 109.35. It is making a technical rebound. The Yen strengthened due to the general weakness of the US dollar. The pair fell to the level of ...
rss: Technical Analysis • Published Fri, 30 Jul 2021 03:54 GMT

The USD / CAD pair has strengthened and has fallen to the minimum of 1.2430. This downward movement is due to the general weakness of the US dollar and the increase in crude prices that reached a weekly maximum of 73.67. On Wednesday, FOMC Chairman Jer...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 03:50 GMT

STOCKS Dow hovers at the upper end of its 33000-35100 range and is likely to break the range on the upside. DAX is moving up towards the upper end of its 15200-15800 range. Nikkei is coming back towards the lower end of its 27000-29500 range contrary to o...
rss: Technical Analysis • Published Fri, 30 Jul 2021 03:26 GMT

The material has been provided by InstaForex Company - www.instaforex.com...
rss: Technical Analysis • Published Fri, 30 Jul 2021 03:24 GMT

The material has been provided by InstaForex Company - www.instaforex.com...
rss: Action Forex • Technical Analysis • Published Fri, 30 Jul 2021 02:48 GMT

Key Highlights USD/JPY started a fresh decline from well above 110.50. A major bearish trend line is forming with resistance near 110.20 on the 4-hours chart. The US GDP increased 6.1% in Q2 2021 (Prelim), up from the last 4.3%. The US Personal Income is ...
rss: Action Forex • Fundamental Analysis • Published Fri, 30 Jul 2021 02:46 GMT

Precious metals have been moving higher after the FOMC press conference in which Fed Chairman Powell indicated that they were a long ways away from substantial further progress. (See our complete FOMC recap here) The FOMC statement, which was less dovish ...
rss: Technical Analysis • Published Thu, 29 Jul 2021 21:26 GMT

Earlier in June, one more upside movement was demonstrated towards 1.2175 which failed to offer sufficient bearish pressure for a while.Breakout above 1.2175 enhanced further bullish advancement towards 1.2250 as an initial target.Further upside movement ...
rss: Technical Analysis • Published Thu, 29 Jul 2021 21:18 GMT

Since March, the GBPUSD pair has been moving sideways within a wide consolidation range extending between 1.3670 up to 1.4250 which acted as a prominent SUPPLY that prevented further bullish advancement.On the other hand , the GBPUSD pair has been contain...
rss: Technical Analysis • Published Thu, 29 Jul 2021 21:10 GMT

Bitcoin continues to gain momentum, and it seems that nothing will stop the number one cryptocurrency from breaking the psychological barrier to overcome the resistance level of $41,700. If this level is overcome, then bitcoin may go into a long bullish m...
rss: Technical Analysis • Published Thu, 29 Jul 2021 17:46 GMT

The wave counting of the 4-hour chart for the Euro/Dollar instrument has finally acquired a more readable and complete look. After the instrument spent several weeks with a minimum amplitude, yesterday the demand for the US dollar decreased, which allowed...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 15:51 GMT

Gross Domestic Product (GDP) is an exciting number for headlines, as it shows how much growth was produced in a quarter (or year)....
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 15:49 GMT

The Canadian dollar has extended its rally on Thursday. USD/CAD has declined by 0.76% this week and is back below the symbolic 1.25 line. US GDP misses forecast US data was a disappointment, and the major haves jumped on the greenback and sent it broadly ...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 15:20 GMT

The US dollars upswing since June has run into trouble as investors are once again questioning how aggressively the Fed will move to scale back its vast monthly asset purchases. Those doubts were heightened after the Fed indicated that a taper decision is...
rss: Technical Analysis • Published Thu, 29 Jul 2021 15:19 GMT

NZD/USD increases and is expected to resume its growth after jumping above 0.7002 immediate high, former high. As you already know from my analysis, I was expecting NZD/USD to increase after jumping above the downtrend line.Jumping above 0.7002 confirmed ...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 15:17 GMT

A sense of positivity is certainly in the air today thanks to dovish comments by the Federal Reserve overnight, the US Senate voting to move ahead on the $1.2 trillion infrastructure plan and robust earnings in Europe. Stocks on the continent were painted...
rss: Technical Analysis • Published Thu, 29 Jul 2021 15:09 GMT

XRPUSD has been moving higher over the last couple of sessions after making a low just above $0.50. Price has made a double bottom at $0.50 and is now challenging $0.72 resistance.Blue lines - Fibonacci retracementXRPUSD has reached once again the 38% Fib...
rss: Technical Analysis • Published Thu, 29 Jul 2021 15:04 GMT

As explained in our latest USDJPY post, we expect price to move lower towards 109 and below. Recently price got rejected at the back test of the broken trend line. This was a bearish signal.Red line -support (broken)Blue lines - Fibonacci retracementsUSDJ...
rss: Technical Analysis • Published Thu, 29 Jul 2021 14:59 GMT

EURUSD yesterday back tested the broken resistance and is bouncing higher as expected. As explained in several previous posts, EURUSD was in buy area when it was trading below 1.18 and above 1.1750. A reversal was imminent as the RSI was providing bullish...
rss: Technical Analysis • Published Thu, 29 Jul 2021 14:54 GMT

As expected by our latest analysis, Gold has formed a higher low between $1,790 and $1,780 and is now moving higher. Price today has broken above the short-term resistance and is now trading close to $1,830.Red lines - Fibonacci extensionsGold price is mo...
rss: Technical Analysis • Published Thu, 29 Jul 2021 14:23 GMT

The GBP / USD pair, on 4-hour charts, is trading within the uptrend channel, after having consolidated above the 200 EMA. It now has the potential to rise to the 6/8 murray zone around 1.4038. The Fed reaffirmed market expectations to maintain its ultra-...
rss: Action Forex • Technical Analysis • Published Thu, 29 Jul 2021 13:42 GMT

GBPAUD knocked the wall around 1.8525 to fiercely exit the one-year-old range area and peak at a 14-month high of 1.8924 on Wednesday. Having snapped the 38.2% Fibonacci retracement of the 2020 massive sell-off (2.0845 1.7413), the pair could head for th...
rss: Technical Analysis • Published Thu, 29 Jul 2021 13:40 GMT

After the announcement by the FED, the Euro gained strong bullish momentum reaching the resistance zone around the 200 EMA at 1.1880. The Fed has shown no hurry to modify its current quantitative easing program at its meeting on Wednesday. They do not ...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 13:39 GMT

The U.S. economy expanded at a 6.5% annualized pace in the second quarter, below the median consensus estimate for 8.4%. Consumers were the key driver of domestic demand strength. Spending rallied 11.8%, following a 11.4% pace in Q1. Consumer spending was...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 13:37 GMT

The euro has gained ground for a fourth straight day and is up one per cent on the week, an impressive gain. EUR/USD has touched a high of 1.1885 on the day and appears poised to punch into 1.19 territory. German Preliminary CPI for July overshot the cons...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 11:41 GMT

European stocks and US futures in positive Dollar lower on dovish Fed Gold and silver break higher Bitcoin holding above $40K Markets addicted to QE sighed relief on Wednesday after the Fed Chair Jay Powell said more ground was needed to be covered before...
rss: Technical Analysis • Published Thu, 29 Jul 2021 11:23 GMT

Technical analysis: BTC has been trading sideways at the price of $40,185. Key resistance is set at the price of $41,000. Trading recommendation: Watch for potential breakout or reversal from key resistance. Reversal of the resistance at $41.000 can l...
rss: Technical Analysis • Published Thu, 29 Jul 2021 11:18 GMT

Details of the economic calendar for July 28On July 28, Wednesday, the results of the two-day meeting of the Federal Open Market Committee (FOMC) were released, of which the regulator expectedly left the key rate unchanged at the level of 0-0.25%. At the ...
rss: Technical Analysis • Published Thu, 29 Jul 2021 11:17 GMT

Technical analysis: EUR has been trading upside as I expected and the breakout mode is the condition that is present today. Trading recommendation: Watch for the buying opportunities on the intraday pullbacks with the major target at the price of 1,19...
rss: Technical Analysis • Published Thu, 29 Jul 2021 11:17 GMT

EUR / USD, H4 chart.It seems that the bearish impulse [C] in EUR/USD, which consists of sub-waves (1) - (2) - (3) - (4) - (5), is coming to an end.Previously, it was assumed that this impulse is not over yet and there will be a movement towards 1.175. How...
rss: Technical Analysis • Published Thu, 29 Jul 2021 11:14 GMT

Technical analysis: Gold has been trading upside as I expected and the breakout mode is the condition that is present today. Trading recommendation: Watch for the buying opportunities on the intraday pullbacks with the next upside targets at the price...
rss: Technical Analysis • Published Thu, 29 Jul 2021 11:04 GMT

NZD / CAD has lost 6,000 pips and is currently trading near yearly lows. Considering this, bullish traders could build up limit orders below 0.860-0.855 in order to provoke a strong rebound. Breaking through 0.86 means that the pair has dropped by 7,000 p...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 11:04 GMT

Oil trades sideways Oil prices traded sideways overnight, despite a suitably dovish FOMC, and significant falls in US official crude and gasoline inventories, along with a weaker US dollar. All of those factors should have supported oil prices, and althou...
rss: Fundamental Analysis • Published Thu, 29 Jul 2021 11:03 GMT

The week will stand out with the Reserve Bank of Australia Rate Statement, the Bank of England Monetary Policy Report and the monthly US and Canadian data releases. Events will start ...
rss: Action Forex • Fundamental Analysis • Published Thu, 29 Jul 2021 11:02 GMT

FOMC, China] The post Dollar Eases After The FOMC Stays Dovish appeared first on Action Forex....