Contributors – Action Forex https://www.actionforex.com Live Forex Analysis, Currency Rates, Economic Calendar, Technical Forecast, Fundamental News, Free Trading Signals. Best. USD Dollar, EUR Euro, JPY Yen, GBP Pound, CHF Swiss Franc, CAD Canadian Dollar, AUD Australian Dollar, NZD New Zealand Dollar Mon, 28 Sep 2020 15:11:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 USD/TRY Outlook: Lira Falls to New All-Time Low on Intensifying Conflict in Caucasus https://www.actionforex.com/contributors/technical-analysis/329748-usd-try-outlook-lira-falls-to-new-all-time-low-on-intensifying-conflict-in-caucasus/ https://www.actionforex.com/contributors/technical-analysis/329748-usd-try-outlook-lira-falls-to-new-all-time-low-on-intensifying-conflict-in-caucasus/#respond Mon, 28 Sep 2020 15:11:07 +0000 https://www.actionforex.com/?p=329748 The USDTRY surged to new all-time high at 7.8592 on Monday, as conflict in Caucasus, on Turkey’s border, revived negative sentiment and pushed lira further down. The unexpected action from CBRT last week, when the central bank increased interest rate by 2% to 10.25%, provided short relief to lira, as two-day dips after rate hike […]

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Sunset Markets Commentary https://www.actionforex.com/contributors/fundamental-analysis/329746-sunset-markets-commentary-3/ https://www.actionforex.com/contributors/fundamental-analysis/329746-sunset-markets-commentary-3/#respond Mon, 28 Sep 2020 14:12:44 +0000 https://www.actionforex.com/?p=329746 Markets The spark which ignited US stock markets to a 1.5%-2.5% rally survived the weekend and triggers similar gains in Europe today. It’s hard to pin a specific trigger to stocks’ rally. If any, it proves that stock market sentiment remains very strong after the 10%+ correction off the highs early September. Underlying worries remain […]

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U.S Futures Up – Watch UBER, FDX, CZR, DAL https://www.actionforex.com/contributors/fundamental-analysis/329719-u-s-futures-up-watch-uber-fdx-czr-dal/ https://www.actionforex.com/contributors/fundamental-analysis/329719-u-s-futures-up-watch-uber-fdx-czr-dal/#respond Mon, 28 Sep 2020 12:28:32 +0000 https://www.actionforex.com/?p=329719 The S&P 500 Futures remain on the upside after they advanced further on Friday. Investors are watching closely a potential Covid-19 stimulus package being discussed by the government and Democrat lawmakers. Later today, the Dallas Federal Reserve will post its Manufacturing Outlook Index for September (9.5 expected). European indices are on the upside even if […]

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EUR/USD Sticking to Its Two-Month Lows https://www.actionforex.com/contributors/technical-analysis/329715-eur-usd-sticking-to-its-two-month-lows/ https://www.actionforex.com/contributors/technical-analysis/329715-eur-usd-sticking-to-its-two-month-lows/#respond Mon, 28 Sep 2020 12:25:01 +0000 https://www.actionforex.com/?p=329715 On the final September Monday, the major currency pair is sticking to its two-month lows and trading around 1.1634. The start of this week is anticipated to be calm for EUR/USD but there will be a lot of news later. As usual, at the beginning of every month, the USA is going to report on […]

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US Open – Strong Start To The Week https://www.actionforex.com/contributors/fundamental-analysis/329712-us-open-strong-start-to-the-week/ https://www.actionforex.com/contributors/fundamental-analysis/329712-us-open-strong-start-to-the-week/#respond Mon, 28 Sep 2020 11:34:53 +0000 https://www.actionforex.com/?p=329712 Presidential debate takes the spotlight What a week we have in store and markets are off to a promising start, with investors in no way deterred by the number of major risk events to come. Europe is off to a strong start, with indices up well over 1% in early trade and the US isn’t […]

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AUD/USD Pair Broke Many Supports Near 0.7120 To Move Into A Bearish Zone https://www.actionforex.com/contributors/technical-analysis/329709-aud-usd-pair-broke-many-supports-near-0-7120-to-move-into-a-bearish-zone/ https://www.actionforex.com/contributors/technical-analysis/329709-aud-usd-pair-broke-many-supports-near-0-7120-to-move-into-a-bearish-zone/#respond Mon, 28 Sep 2020 11:32:28 +0000 https://www.actionforex.com/?p=329709 The Aussie Dollar started a strong decline from well above the 0.7200 level against the US Dollar. The AUD/USD pair broke many important supports near 0.7120 to move into a bearish zone. It gained bearish momentum below the 0.7080 support and 50 hourly simple moving average. A low is formed near 0.7005 and the pair […]

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EUR/USD Tests 55-Hour SMA https://www.actionforex.com/contributors/technical-analysis/329706-eur-usd-tests-55-hour-sma/ https://www.actionforex.com/contributors/technical-analysis/329706-eur-usd-tests-55-hour-sma/#respond Mon, 28 Sep 2020 11:07:45 +0000 https://www.actionforex.com/?p=329706 On Friday, the EUR/USD currency pair declined to the 1.1615 mark. During today’s morning, the pair was testing the 55-hour SMA near 1.1650. If the given moving average holds, it is likely that some downside potential could prevail in the market. Note that the exchange rate could gain support from the monthly S2 located at […]

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GBP/USD Could Go Upwards https://www.actionforex.com/contributors/technical-analysis/329703-gbp-usd-could-go-upwards-4/ https://www.actionforex.com/contributors/technical-analysis/329703-gbp-usd-could-go-upwards-4/#respond Mon, 28 Sep 2020 11:06:32 +0000 https://www.actionforex.com/?p=329703 At the end of last week, the GBP/USD exchange rate reversed north from the lower line of the medium-term descending channel. From a theoretical point of view, it is likely some upside potential could prevail in the market, as the currency pair should target the upper channel line located circa 1.2950. In the meantime, it […]

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USD/JPY Revealed Ascending Channel https://www.actionforex.com/contributors/technical-analysis/329700-usd-jpy-revealed-ascending-channel-3/ https://www.actionforex.com/contributors/technical-analysis/329700-usd-jpy-revealed-ascending-channel-3/#respond Mon, 28 Sep 2020 11:04:13 +0000 https://www.actionforex.com/?p=329700 The USD/JPY currency pair has revealed a short-term ascending channel. From a theoretical perspective, it is likely that the exchange rate could continue to extend gains within the given channel in the nearest future. In this case the rate could face the monthly PP at 106.02. Meanwhile, note that the currency pair is pressured by […]

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XAU/USD Remains Above 1,850.00 https://www.actionforex.com/contributors/technical-analysis/329697-xau-usd-remains-above-1850-00/ https://www.actionforex.com/contributors/technical-analysis/329697-xau-usd-remains-above-1850-00/#respond Mon, 28 Sep 2020 11:02:22 +0000 https://www.actionforex.com/?p=329697 Since Thursday, the XAU/USD exchange rate has been trading sideways around the monthly S1 at 1,862.47. Given that yellow metal is pressured by the 55– and 100-hour moving averages in the 1,870.00 area, it is likely that some downside potential could prevail in the market. In the meantime, it is likely that the exchange rate […]

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Risk On Sentiment Ensues Amid Stimulus Hopes https://www.actionforex.com/contributors/fundamental-analysis/329695-risk-on-sentiment-ensues-amid-stimulus-hopes/ https://www.actionforex.com/contributors/fundamental-analysis/329695-risk-on-sentiment-ensues-amid-stimulus-hopes/#respond Mon, 28 Sep 2020 10:57:53 +0000 https://www.actionforex.com/?p=329695 Notes/Observations Week of key meetings and debates Brexit negotiations continue from Tues-Fri with a key Oct deadline looming – 1st of the US Presidential election debate set for Tuesday with a month before the election EU Council meets later this week to work on its 2021-27 budget and Recovery Fund details Asia: US tightens exports […]

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The Analytical Overview Of The Main Currency Pairs https://www.actionforex.com/contributors/technical-analysis/329689-the-analytical-overview-of-the-main-currency-pairs-465/ https://www.actionforex.com/contributors/technical-analysis/329689-the-analytical-overview-of-the-main-currency-pairs-465/#respond Mon, 28 Sep 2020 10:31:00 +0000 https://www.actionforex.com/?p=329689 The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.16696 Open: 1.16265 % chg. over the last day: -0.36 Day’s range: 1.16150 – 1.16402 52 wk range: 1.0637 – 1.2012 The bearish sentiment still prevails on the EUR/USD currency pair. The trading instrument has set new local lows again. At the moment, […]

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EUR/USD Outlook: Bears Are Taking A Breather After Last Week’s 1.8% Drop https://www.actionforex.com/contributors/technical-analysis/329684-eur-usd-outlook-bears-are-taking-a-breather-after-last-weeks-1-8-drop/ https://www.actionforex.com/contributors/technical-analysis/329684-eur-usd-outlook-bears-are-taking-a-breather-after-last-weeks-1-8-drop/#respond Mon, 28 Sep 2020 10:02:16 +0000 https://www.actionforex.com/?p=329684 The Euro bounces from two-month low in European session on Monday, driven by fresh risk mode in the market, that lifted global stocks and deflates dollar Larger bears are taking a breather as traders book some profits on last week’s 1.8% drop, with oversold daily studies contributing to corrective attempts. Limited upside attempts could be […]

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EURUSD Watching Divergence https://www.actionforex.com/contributors/technical-analysis/329681-eurusd-watching-divergence/ https://www.actionforex.com/contributors/technical-analysis/329681-eurusd-watching-divergence/#respond Mon, 28 Sep 2020 09:45:15 +0000 https://www.actionforex.com/?p=329681 The euro currency continues to weaken against the US dollar, with the pair trading close to the 1.1600 technical support barrier. Lower time frame analysis is showing that bullish MACD price divergence has formed, and currently extends towards the 1.1800 level. Bulls need to break above the 1.1660 to 1.1680 resistance area to encourage a […]

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ETHUSD $390.00 Target https://www.actionforex.com/contributors/technical-analysis/329678-ethusd-390-00-target/ https://www.actionforex.com/contributors/technical-analysis/329678-ethusd-390-00-target/#respond Mon, 28 Sep 2020 09:44:18 +0000 https://www.actionforex.com/?p=329678 Ethereum has an improving short-term outlook as the recovery from last weeks sharp decline towards the $310.00 area gathers pace. Technical analysis on the lower time frames shows that an inverted head and shoulders pattern has now formed. According to the overall size of the reversal pattern, the ETHUSD pair could be preparing to advance […]

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Gold Fades From Restrictive Line To 100-Day SMA https://www.actionforex.com/contributors/technical-analysis/329675-gold-fades-from-restrictive-line-to-100-day-sma/ https://www.actionforex.com/contributors/technical-analysis/329675-gold-fades-from-restrictive-line-to-100-day-sma/#respond Mon, 28 Sep 2020 09:42:37 +0000 https://www.actionforex.com/?p=329675 Gold has found some footing on the 100-day simple moving average (SMA), after deflecting off a preventative line drawn from the all-time high of 2,074 and dropping below the Ichimoku cloud. The paused bearish Ichimoku lines transmit weakness in negative momentum, while all SMAs maintain a bullish tone. That said, the MACD and the RSI […]

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EUR/JPY Analysis: Could Edge Lower https://www.actionforex.com/contributors/technical-analysis/329672-eur-jpy-analysis-could-edge-lower/ https://www.actionforex.com/contributors/technical-analysis/329672-eur-jpy-analysis-could-edge-lower/#respond Mon, 28 Sep 2020 09:37:32 +0000 https://www.actionforex.com/?p=329672 The Eurozone single currency has declined by 73 points or 0.59% against the Japanese Yen since Friday’s trading session. The currency pair breached the 122.60 level on Monday morning. All things being equal, the EUR/JPY exchange rate could continue to edge lower during the following trading session. The potential target for bears would be at the 121.50 […]

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AUD/USD Analysis: Breakout Occurs https://www.actionforex.com/contributors/technical-analysis/329669-aud-usd-analysis-breakout-occurs-7/ https://www.actionforex.com/contributors/technical-analysis/329669-aud-usd-analysis-breakout-occurs-7/#respond Mon, 28 Sep 2020 09:36:17 +0000 https://www.actionforex.com/?p=329669 The Australian Dollar depreciated by 70 points or 0.99% against the US Dollar on Friday. The AUD/USD currency pair breached the 70.00 level during Friday’s trading session. The exchange rate breached the upper boundary of a descending channel pattern on Monday morning. Given that a breakout has occurred, bulls are likely to pressure the price […]

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USD/CAD Analysis: Could Edge Higher https://www.actionforex.com/contributors/technical-analysis/329666-usd-cad-analysis-could-edge-higher-2/ https://www.actionforex.com/contributors/technical-analysis/329666-usd-cad-analysis-could-edge-higher-2/#respond Mon, 28 Sep 2020 09:33:58 +0000 https://www.actionforex.com/?p=329666 The US Dollar surged by 69 points or 0.52% against the Canadian Dollar on Friday. The currency pair was pressured up by the 100– hour simple moving average during Friday’s trading session. Everything being equal, the exchange rate could continue to edge higher during the following trading session. A breakout through the upper boundary of […]

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NZD/USD Analysis: Selling Signals https://www.actionforex.com/contributors/technical-analysis/329663-nzd-usd-analysis-selling-signals/ https://www.actionforex.com/contributors/technical-analysis/329663-nzd-usd-analysis-selling-signals/#respond Mon, 28 Sep 2020 09:31:27 +0000 https://www.actionforex.com/?p=329663 The Australian Dollar declined by 49 points or 0.75% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average on Monday morning. The exchange rate could continue to edge lower in the descending channel pattern during the following trading session. Bearish traders are likely to target the 0.6500 level. […]

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