Technical Analysis – 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, 10 Dec 2018 04:53:25 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Market Morning Briefing: Aussie Could Get Some Decent Support At 0.7215 https://www.actionforex.com/contributors/technical-analysis/156012-market-morning-briefing-aussie-could-get-some-decent-support-at-0-7215/ https://www.actionforex.com/contributors/technical-analysis/156012-market-morning-briefing-aussie-could-get-some-decent-support-at-0-7215/#respond Mon, 10 Dec 2018 04:08:32 +0000 https://www.actionforex.com/?p=156012 STOCKS Moment of truth for Equities? Looks like our bullish preference is under severe threat of being proven wrong. Dow (24388.95) plunged again on Friday to a low of 24285, below the low of our range of 24500-25500, but above Support at 24250. We would prefer a bounce today,leading to fresh bullishness, else, a break […]

The post Market Morning Briefing: Aussie Could Get Some Decent Support At 0.7215 appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/156012-market-morning-briefing-aussie-could-get-some-decent-support-at-0-7215/feed/ 0
Daily Markets Broadcast https://www.actionforex.com/contributors/technical-analysis/156007-daily-markets-broadcast-15/ https://www.actionforex.com/contributors/technical-analysis/156007-daily-markets-broadcast-15/#respond Mon, 10 Dec 2018 04:03:31 +0000 https://www.actionforex.com/?p=156007 Wall Street tumbles to six-week low Weak jobs data and an escalation in US-China tensions over the arrest of Huawei’s CFO combined to pressure US futures markets in early trading today. US30USD Daily Chart The US30 index has fallen to the lowest since October 26 this morning, following on from Friday’s losses The 100-week moving […]

The post Daily Markets Broadcast appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/156007-daily-markets-broadcast-15/feed/ 0
EUR/USD Likely Approaching Bullish Break https://www.actionforex.com/contributors/technical-analysis/155998-eur-usd-likely-approaching-bullish-break/ https://www.actionforex.com/contributors/technical-analysis/155998-eur-usd-likely-approaching-bullish-break/#respond Mon, 10 Dec 2018 03:27:13 +0000 https://www.actionforex.com/?p=155998 Key Highlights The Euro recovered recently and traded above the 1.1350 resistance against the US Dollar. There is a major bullish trend line formed with support at 1.1350 on the 4-hours chart of EUR/USD. The Chinese CPI in Nov 2018 increased 2.2% (YoY), less than the forecast of 2.4%. Today, the German Trade Balance for […]

The post EUR/USD Likely Approaching Bullish Break appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155998-eur-usd-likely-approaching-bullish-break/feed/ 0
EURUSD Eyes Further Upside Pressure Nearer Term https://www.actionforex.com/contributors/technical-analysis/155975-eurusd-eyes-further-upside-pressure-nearer-term/ https://www.actionforex.com/contributors/technical-analysis/155975-eurusd-eyes-further-upside-pressure-nearer-term/#respond Mon, 10 Dec 2018 01:49:21 +0000 https://www.actionforex.com/?p=155975 EURUSD continues to face further recovery higher. Support lies at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will aim at the 1.1250 level. Further down, support lies at the 1.1200. On the upside, resistance resides at 1.1450 level with a break through there opening the door for […]

The post EURUSD Eyes Further Upside Pressure Nearer Term appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155975-eurusd-eyes-further-upside-pressure-nearer-term/feed/ 0
EURGBP Continues To Target Higher Prices https://www.actionforex.com/contributors/technical-analysis/155972-eurgbp-continues-to-target-higher-prices/ https://www.actionforex.com/contributors/technical-analysis/155972-eurgbp-continues-to-target-higher-prices/#respond Mon, 10 Dec 2018 01:48:09 +0000 https://www.actionforex.com/?p=155972 EURGBP continues to target higher prices following its higher close the past week. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. Resistance lies at the 0.8950 level. A violation if seen will turn risk […]

The post EURGBP Continues To Target Higher Prices appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155972-eurgbp-continues-to-target-higher-prices/feed/ 0
Forex Forecast and Cryptocurrencies Forecast https://www.actionforex.com/contributors/technical-analysis/155946-forex-forecast-and-cryptocurrencies-forecast-22/ https://www.actionforex.com/contributors/technical-analysis/155946-forex-forecast-and-cryptocurrencies-forecast-22/#respond Sun, 09 Dec 2018 10:54:06 +0000 https://www.actionforex.com/?p=155946 First, a review of last week’s events: EUR/USD. Our forecast for relatively weak labor market data turned out to be 100% correct. ADP and ISM in the service sector were not pleasing either, and one of the key indicators, NonFarm Payrolls, fell from 237K to 155K, that is, by as much as 35%. The forecast […]

The post Forex Forecast and Cryptocurrencies Forecast appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155946-forex-forecast-and-cryptocurrencies-forecast-22/feed/ 0
USD/CHF Tumbles on Softer US Jobs and Wage Data https://www.actionforex.com/contributors/technical-analysis/155757-usd-chf-tumbles-on-softer-us-jobs-and-wage-data/ https://www.actionforex.com/contributors/technical-analysis/155757-usd-chf-tumbles-on-softer-us-jobs-and-wage-data/#respond Fri, 07 Dec 2018 14:45:42 +0000 https://www.actionforex.com/?p=155757 A wrath of US economic data painted the picture that US economy is slowing, propping up expectations that Fed will dial back their rate hike expectations at the December 19th meeting. The headline nonfarm payroll printed 155,000 jobs, a miss from the 200,000 level that analysts’ eyed. The unemployment rate stayed steady at 3.7%, matching […]

The post USD/CHF Tumbles on Softer US Jobs and Wage Data appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155757-usd-chf-tumbles-on-softer-us-jobs-and-wage-data/feed/ 0
USDZAR Still Negative, Approaches Downtrend Line https://www.actionforex.com/contributors/technical-analysis/155754-usdzar-still-negative-approaches-downtrend-line/ https://www.actionforex.com/contributors/technical-analysis/155754-usdzar-still-negative-approaches-downtrend-line/#respond Fri, 07 Dec 2018 14:42:49 +0000 https://www.actionforex.com/?p=155754 USDZAR continues to print lower lows and lower highs on the daily chart below a downtrend line drawn from the highs of September 6. Hence, the broader picture remains negative for now. For it to turn neutral, it would require a clear close above the crossroads of the downtrend line, the 50-day SMA, and the […]

The post USDZAR Still Negative, Approaches Downtrend Line appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155754-usdzar-still-negative-approaches-downtrend-line/feed/ 0
EURNZD Rebounds on 14-Month Low, Regaining Ground https://www.actionforex.com/contributors/technical-analysis/155711-eurnzd-rebounds-on-14-month-low-regaining-ground/ https://www.actionforex.com/contributors/technical-analysis/155711-eurnzd-rebounds-on-14-month-low-regaining-ground/#respond Fri, 07 Dec 2018 13:09:19 +0000 https://www.actionforex.com/?p=155711 EURNZD created a strong negative rally over the last two months, after the pullback on the three-year high of 1.7925. Looking at the very short-term, the price has been moving higher since yesterday finding support on the 14-month low of 1.6330. However, the technical indicators are hovering in the bearish zone. The RSI is sloping […]

The post EURNZD Rebounds on 14-Month Low, Regaining Ground appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155711-eurnzd-rebounds-on-14-month-low-regaining-ground/feed/ 0
DOW JONES Outlook: Dow Maintains Negative Tone Despite Thursday’s Hammer Ahead Of US NFP Data https://www.actionforex.com/contributors/technical-analysis/155706-dow-jones-outlook-dow-maintains-negative-tone-despite-thursdays-hammer-ahead-of-us-nfp-data/ https://www.actionforex.com/contributors/technical-analysis/155706-dow-jones-outlook-dow-maintains-negative-tone-despite-thursdays-hammer-ahead-of-us-nfp-data/#respond Fri, 07 Dec 2018 11:54:42 +0000 https://www.actionforex.com/?p=155706 Dow is consolidating within narrow range and low-volume trading on Friday, following sell-off on Thursday, triggered by arrest of Huawei CFO. The fall found footstep just ticks above previous low at 24246 (23 Nov) ahead of strong rebound, which eased downside pressure. Thursday’s Hammer could be a signal of stronger recovery, but scenario so far […]

The post DOW JONES Outlook: Dow Maintains Negative Tone Despite Thursday’s Hammer Ahead Of US NFP Data appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155706-dow-jones-outlook-dow-maintains-negative-tone-despite-thursdays-hammer-ahead-of-us-nfp-data/feed/ 0
The Analytical Overview Of The Main Currency Pairs https://www.actionforex.com/contributors/technical-analysis/155696-the-analytical-overview-of-the-main-currency-pairs-98/ https://www.actionforex.com/contributors/technical-analysis/155696-the-analytical-overview-of-the-main-currency-pairs-98/#respond Fri, 07 Dec 2018 11:25:59 +0000 https://www.actionforex.com/?p=155696 The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.13473 Open: 1.13687 % chg. over the last day: +0.28 Day’s range: 1.13604 – 1.13818 52 wk range: 1.1299 – 1.2557 The financial market participants are waiting for the labour market reports in the US for November. EUR/USD is consolidating. The local support […]

The post The Analytical Overview Of The Main Currency Pairs appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155696-the-analytical-overview-of-the-main-currency-pairs-98/feed/ 0
US 30 Index Cautiously Negative In Short Run, Neutral Overall https://www.actionforex.com/contributors/technical-analysis/155693-us-30-index-cautiously-negative-in-short-run-neutral-overall/ https://www.actionforex.com/contributors/technical-analysis/155693-us-30-index-cautiously-negative-in-short-run-neutral-overall/#respond Fri, 07 Dec 2018 11:21:44 +0000 https://www.actionforex.com/?p=155693 The US 30 index remains on the back foot, having crossed back below its 50- and 200-day simple moving averages (SMAs) in recent sessions. The price structure of lower highs on the daily chart suggests the bias is negative at the moment, but not clearly so, as the SMAs are converging; an indication the longer-term […]

The post US 30 Index Cautiously Negative In Short Run, Neutral Overall appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155693-us-30-index-cautiously-negative-in-short-run-neutral-overall/feed/ 0
AUD/USD Outlook: Bears Take A Breather After Steep Fall, US Jobs Data Eyed For Fresh Signals https://www.actionforex.com/contributors/technical-analysis/155688-aud-usd-outlook-bears-take-a-breather-after-steep-fall-us-jobs-data-eyed-for-fresh-signals/ https://www.actionforex.com/contributors/technical-analysis/155688-aud-usd-outlook-bears-take-a-breather-after-steep-fall-us-jobs-data-eyed-for-fresh-signals/#respond Fri, 07 Dec 2018 11:17:23 +0000 https://www.actionforex.com/?p=155688 The Australian dollar consolidates after strong fall in past four days (down nearly 2%) which was contained by daily cloud top/55SMA (0.7190). Long tail of Thursday’s daily candle signals that bears might be running out of steam and attempts to base. Improved momentum and oversold slow stochastic supporting scenario, however, mixed daily techs lack clearer […]

The post AUD/USD Outlook: Bears Take A Breather After Steep Fall, US Jobs Data Eyed For Fresh Signals appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155688-aud-usd-outlook-bears-take-a-breather-after-steep-fall-us-jobs-data-eyed-for-fresh-signals/feed/ 0
EURUSD Awaiting Technical Confirmation https://www.actionforex.com/contributors/technical-analysis/155683-eurusd-awaiting-technical-confirmation/ https://www.actionforex.com/contributors/technical-analysis/155683-eurusd-awaiting-technical-confirmation/#respond Fri, 07 Dec 2018 11:06:37 +0000 https://www.actionforex.com/?p=155683 The euro continues to consolidate in the middle of its recent trading range against the US dollar, as traders await the outcome of the US monthly jobs report later today. A clear break below the 1.1300 support level may prompt a technical test of the current EURUSD yearly low, while a move above the 1.1430 […]

The post EURUSD Awaiting Technical Confirmation appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155683-eurusd-awaiting-technical-confirmation/feed/ 0
GBPUSD Weakening Ahead Of US Job Report https://www.actionforex.com/contributors/technical-analysis/155680-gbpusd-weakening-ahead-of-us-job-report/ https://www.actionforex.com/contributors/technical-analysis/155680-gbpusd-weakening-ahead-of-us-job-report/#respond Fri, 07 Dec 2018 11:04:13 +0000 https://www.actionforex.com/?p=155680 The British pound is back under pressure against the greenback, with price-action turning bearish ahead of the US Nonfarm payrolls job report. A better than expected jobs figure from the US economy may provoke GBPUSD selling towards the 1.2657 level, while a much worse than expected jobs number will likely see GBPUSD buyers once again […]

The post GBPUSD Weakening Ahead Of US Job Report appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155680-gbpusd-weakening-ahead-of-us-job-report/feed/ 0
NZD/USD Close Above 0.6900 Is Needed For Stronger Impulse https://www.actionforex.com/contributors/technical-analysis/155677-nzd-usd-close-above-0-6900-is-needed-for-stronger-impulse/ https://www.actionforex.com/contributors/technical-analysis/155677-nzd-usd-close-above-0-6900-is-needed-for-stronger-impulse/#respond Fri, 07 Dec 2018 10:56:43 +0000 https://www.actionforex.com/?p=155677 0.6860-70 is the POC zone. A rejection from the POC zone is possible due to strong Weekly trend and H4 alignment. Two trendlines also mark the uptrend and smaller pinbars cue for now moment buyers. Targets are 0.6900, 0.6958 and eventually 0.7019 if the trend persists. Watch for a bounce from the POC zone.

The post NZD/USD Close Above 0.6900 Is Needed For Stronger Impulse appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155677-nzd-usd-close-above-0-6900-is-needed-for-stronger-impulse/feed/ 0
GBPJPY Tumbles Below Falling Trend Line, Neutral In Medium Term https://www.actionforex.com/contributors/technical-analysis/155669-gbpjpy-tumbles-below-falling-trend-line-neutral-in-medium-term/ https://www.actionforex.com/contributors/technical-analysis/155669-gbpjpy-tumbles-below-falling-trend-line-neutral-in-medium-term/#respond Fri, 07 Dec 2018 10:40:45 +0000 https://www.actionforex.com/?p=155669 GBPJPY has declined considerably after touching a two-month high of 149.50 at the beginning of November. In the short-term the price seems to be negative, while in the daily chart the pair remains in a sideways channel over the last three months with upper boundary the 149.50 resistance and lower boundary the 142.80 support. Technically, […]

The post GBPJPY Tumbles Below Falling Trend Line, Neutral In Medium Term appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155669-gbpjpy-tumbles-below-falling-trend-line-neutral-in-medium-term/feed/ 0
Gold Analysis: Breaks Resistance Of 1,240.00 https://www.actionforex.com/contributors/technical-analysis/155666-gold-analysis-breaks-resistance-of-1240-00/ https://www.actionforex.com/contributors/technical-analysis/155666-gold-analysis-breaks-resistance-of-1240-00/#respond Fri, 07 Dec 2018 10:33:34 +0000 https://www.actionforex.com/?p=155666 The yellow metal managed to pass in the resistance levels just above the 1,240.00 level and score a new high level during the second half of Thursday’s trading session. However, after the surge it retreated back down to look for support in the 55-hour simple moving average. The SMA provided the needed support and forced […]

The post Gold Analysis: Breaks Resistance Of 1,240.00 appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155666-gold-analysis-breaks-resistance-of-1240-00/feed/ 0
USD/JPY Analysis: Pierces Dominant Pattern https://www.actionforex.com/contributors/technical-analysis/155663-usd-jpy-analysis-pierces-dominant-pattern/ https://www.actionforex.com/contributors/technical-analysis/155663-usd-jpy-analysis-pierces-dominant-pattern/#respond Fri, 07 Dec 2018 10:32:49 +0000 https://www.actionforex.com/?p=155663 The USD/JPY has pierced the lower trend line of the dominant ascending channel pattern. It is signalling that a head and shoulders pattern exists on the charts. In general, the breaking of the support level indicates that the decline of the USD/JPY should continue. On Friday morning the currency exchange rate was squeezed in between […]

The post USD/JPY Analysis: Pierces Dominant Pattern appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155663-usd-jpy-analysis-pierces-dominant-pattern/feed/ 0
GBP/USD Analysis: Will Test Support Level At 1.2700 https://www.actionforex.com/contributors/technical-analysis/155660-gbp-usd-analysis-will-test-support-level-at-1-2700/ https://www.actionforex.com/contributors/technical-analysis/155660-gbp-usd-analysis-will-test-support-level-at-1-2700/#respond Fri, 07 Dec 2018 10:31:48 +0000 https://www.actionforex.com/?p=155660 The British currency on Thursday found support in the pivot point at 1.2700 and surged through various simple moving averages to reconfirm the upper trend line of the large scale descending pattern near 1.2800. By the middle of Friday’s trading session the GBP/USD was retreating downwards from one support level to another. The pair was […]

The post GBP/USD Analysis: Will Test Support Level At 1.2700 appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/155660-gbp-usd-analysis-will-test-support-level-at-1-2700/feed/ 0