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 Sat, 21 Sep 2019 07:34:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 China Has Instant Response to Trump Comments https://www.actionforex.com/contributors/technical-analysis/235475-china-has-instant-response-to-trump-comments/ https://www.actionforex.com/contributors/technical-analysis/235475-china-has-instant-response-to-trump-comments/#respond Sat, 21 Sep 2019 07:34:41 +0000 https://www.actionforex.com/?p=235475 It appears China may not be buying more agriculture products from the US any time soon as both the Montana Farm Bureau and the Nebraska Department of Agriculture have said that the Chinese delegation has canceled visits with them and is returning to China sooner than expected.  This comes   after US President Trump said Chinese […]

The post China Has Instant Response to Trump Comments appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235475-china-has-instant-response-to-trump-comments/feed/ 0
GBPNZD’s Nearly 2-Month Rally Dries up ahead of May High https://www.actionforex.com/contributors/technical-analysis/235449-gbpnzds-nearly-2-month-rally-dries-up-ahead-of-may-high/ https://www.actionforex.com/contributors/technical-analysis/235449-gbpnzds-nearly-2-month-rally-dries-up-ahead-of-may-high/#respond Fri, 20 Sep 2019 14:50:18 +0000 https://www.actionforex.com/?p=235449 GBPNZD after a decisive push north on September 13, fell inches short of the May high of 2.0020, plotting a shooting star suggesting the bears have taken control. The pattern was followed by an engulfing candle, backed by the momentum indicators reflecting a possible top reversal. The Tenkan-sen and Kijun-sen lines have flattened, with the […]

The post GBPNZD’s Nearly 2-Month Rally Dries up ahead of May High appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235449-gbpnzds-nearly-2-month-rally-dries-up-ahead-of-may-high/feed/ 0
EUR/USD Outlook: Euro Eases Towards 1.10 Support after Repeated Rejection at Trendline Resistance https://www.actionforex.com/contributors/technical-analysis/235446-eur-usd-outlook-euro-eases-towards-1-10-support-after-repeated-rejection-at-trendline-resistance/ https://www.actionforex.com/contributors/technical-analysis/235446-eur-usd-outlook-euro-eases-towards-1-10-support-after-repeated-rejection-at-trendline-resistance/#respond Fri, 20 Sep 2019 14:47:50 +0000 https://www.actionforex.com/?p=235446 The Euro fell near 1.10 support in mid-European/early US trading on Friday, following repeated upside rejection at bear-trendline, drawn from 1.1412 (25 June high) and reinforced by falling 30DMA. The US dollar regained traction on Friday, pushing the single currency towards the mid-point of recent 1.0926/1.1109 range and shifting near-term focus lower. Daily momentum is […]

The post EUR/USD Outlook: Euro Eases Towards 1.10 Support after Repeated Rejection at Trendline Resistance appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235446-eur-usd-outlook-euro-eases-towards-1-10-support-after-repeated-rejection-at-trendline-resistance/feed/ 0
GBPAUD Spikes To 4-Month High, Additional Gains Could Be Limited https://www.actionforex.com/contributors/technical-analysis/235403-gbpaud-spikes-to-4-month-high-additional-gains-could-be-limited/ https://www.actionforex.com/contributors/technical-analysis/235403-gbpaud-spikes-to-4-month-high-additional-gains-could-be-limited/#respond Fri, 20 Sep 2019 11:41:14 +0000 https://www.actionforex.com/?p=235403 GBPAUD stretched Thursday’s impressive rally to a four-month high of 1.8492 on Friday and is ready to close the week up by 1.7%. The RSI has also picked up steam and is currently pointing towards its 70 overbought mark, while the Stochastics have yet to confirm overbought conditions, suggesting that the bullish momentum is likely […]

The post GBPAUD Spikes To 4-Month High, Additional Gains Could Be Limited appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235403-gbpaud-spikes-to-4-month-high-additional-gains-could-be-limited/feed/ 0
EURNZD Possibly Forming Triple Top Near 10-Month High https://www.actionforex.com/contributors/technical-analysis/235400-eurnzd-possibly-forming-triple-top-near-10-month-high/ https://www.actionforex.com/contributors/technical-analysis/235400-eurnzd-possibly-forming-triple-top-near-10-month-high/#respond Fri, 20 Sep 2019 11:38:18 +0000 https://www.actionforex.com/?p=235400 EURNZD is again attempting to overcome the 1.7590 resistance region tested multiple times over August. The bulls recent rally from 1.7000 is backed by the Tenkan-sen that has already distanced itself from the Kijun-sen, as well as the momentum oscillators reflecting a persisting positive picture. Furthermore, the 21-period simple moving average (SMA) has completed a […]

The post EURNZD Possibly Forming Triple Top Near 10-Month High appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235400-eurnzd-possibly-forming-triple-top-near-10-month-high/feed/ 0
EUR/USD Could Maintain Consolidation https://www.actionforex.com/contributors/technical-analysis/235395-eur-usd-could-maintain-consolidation/ https://www.actionforex.com/contributors/technical-analysis/235395-eur-usd-could-maintain-consolidation/#respond Fri, 20 Sep 2019 11:24:41 +0000 https://www.actionforex.com/?p=235395 Yesterday, the Euro continued to consolidate against the US Dollar between the weekly and monthly PPs, located at 1.1038 and 1.1069 respectively. During Friday morning, the EUR/USD currency pair maintained its consolidation. If the given support and resistance levels hold, it is likely that the pair could continue to trade sideways in the short run. […]

The post EUR/USD Could Maintain Consolidation appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235395-eur-usd-could-maintain-consolidation/feed/ 0
GBP/USD Tested Fibonacci 23.60% Retracement https://www.actionforex.com/contributors/technical-analysis/235392-gbp-usd-tested-fibonacci-23-60-retracement/ https://www.actionforex.com/contributors/technical-analysis/235392-gbp-usd-tested-fibonacci-23-60-retracement/#respond Fri, 20 Sep 2019 11:23:55 +0000 https://www.actionforex.com/?p=235392 On Thursday, the GBP/USD exchange rate reached the 1.2560 level. During today’s morning, the rate reversed south from the Fibonacci 23.60% retracement at 1.2573. It is likely that the currency pair could continue to go downside in the nearest future. However, note that the pair could get support of the 55– and 100-hour SMAs, as […]

The post GBP/USD Tested Fibonacci 23.60% Retracement appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235392-gbp-usd-tested-fibonacci-23-60-retracement/feed/ 0
USD/JPY Squeezed By Moving Averages https://www.actionforex.com/contributors/technical-analysis/235389-usd-jpy-squeezed-by-moving-averages-4/ https://www.actionforex.com/contributors/technical-analysis/235389-usd-jpy-squeezed-by-moving-averages-4/#respond Fri, 20 Sep 2019 11:17:18 +0000 https://www.actionforex.com/?p=235389 Yesterday, the USD/JPY currency pair traded sideways at the 108.00 level. During Friday morning, the pair was testing the lower boundary of the short-term ascending channel at 107.90. From a theoretical point of view, it is likely that a reversal north could occur in the nearest future. Note that the exchange rate has to surpass […]

The post USD/JPY Squeezed By Moving Averages appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235389-usd-jpy-squeezed-by-moving-averages-4/feed/ 0
XAU/USD Trades At 1,505.00 Level https://www.actionforex.com/contributors/technical-analysis/235386-xau-usd-trades-at-1505-00-level/ https://www.actionforex.com/contributors/technical-analysis/235386-xau-usd-trades-at-1505-00-level/#respond Fri, 20 Sep 2019 11:15:16 +0000 https://www.actionforex.com/?p=235386 During Thursday morning, the XAU/USD exchange rate increased to the 1,505.00 level. During today’s morning, the rate was trading at the given level. Given that yellow metal is supported by the 55-, 100– and 200-hour moving averages, currently located circa 1,500.00, it is likely that bulls could prevail in the market. Important level to look […]

The post XAU/USD Trades At 1,505.00 Level appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235386-xau-usd-trades-at-1505-00-level/feed/ 0
EUR/JPY To Trade Sideways Today https://www.actionforex.com/contributors/technical-analysis/235383-eur-jpy-to-trade-sideways-today-2/ https://www.actionforex.com/contributors/technical-analysis/235383-eur-jpy-to-trade-sideways-today-2/#respond Fri, 20 Sep 2019 11:12:03 +0000 https://www.actionforex.com/?p=235383 The Eurozone single currency depreciated about 50 basis points against the Japanese Yen on Thursday. The currency pair tested the lower boundary of an ascending channel pattern at 119.07 during the previous trading session. The exchange rate as moving along the 50– and 100– hour simple moving averages at 119.42/119.20 and the weekly PP during […]

The post EUR/JPY To Trade Sideways Today appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235383-eur-jpy-to-trade-sideways-today-2/feed/ 0
AUD/USD Could Still Edge Lower https://www.actionforex.com/contributors/technical-analysis/235380-aud-usd-could-still-edge-lower/ https://www.actionforex.com/contributors/technical-analysis/235380-aud-usd-could-still-edge-lower/#respond Fri, 20 Sep 2019 11:04:56 +0000 https://www.actionforex.com/?p=235380 The Australian Dollar has continued its downward movement against the US Dollar. The AUD/USD currency pair depreciated about 46 basis points during Thursday’s trading session. Technical indicators suggest bearish signals on both the smaller and larger time frame charts. Therefore, the exchange rate will most likely edge lower within this trading session. However, if the […]

The post AUD/USD Could Still Edge Lower appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235380-aud-usd-could-still-edge-lower/feed/ 0
USD/CAD Likely To Maintain Channel https://www.actionforex.com/contributors/technical-analysis/235377-usd-cad-likely-to-maintain-channel-3/ https://www.actionforex.com/contributors/technical-analysis/235377-usd-cad-likely-to-maintain-channel-3/#respond Fri, 20 Sep 2019 11:01:39 +0000 https://www.actionforex.com/?p=235377 The price movement of the US Dollar against the Canadian Dollar has been guided by an ascending channel. The currency pair tested the lower boundary of the channel pattern at 1.3244 during yesterday’s trading session. Everything being equal, it is likely that the US Dollar will maintain the ascending channel today. The short-term target for […]

The post USD/CAD Likely To Maintain Channel appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235377-usd-cad-likely-to-maintain-channel-3/feed/ 0
NZD/USD Pressure By 50– Hour SMA https://www.actionforex.com/contributors/technical-analysis/235374-nzd-usd-pressure-by-50-hour-sma-3/ https://www.actionforex.com/contributors/technical-analysis/235374-nzd-usd-pressure-by-50-hour-sma-3/#respond Fri, 20 Sep 2019 11:00:55 +0000 https://www.actionforex.com/?p=235374 The 50– hour simple moving average pressured the New Zealand Dollar lower against the US Dollar on Thursday. As for the near future, given that the 50-, 100– and 200– hour SMAs are above the price level, the NZD/USD currency pair will most likely continue to fall within this session. The Greenback could push the […]

The post NZD/USD Pressure By 50– Hour SMA appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235374-nzd-usd-pressure-by-50-hour-sma-3/feed/ 0
XAU/USD Outlook: Gold Price Rises Above $1500 But Larger Range Is Still Intact https://www.actionforex.com/contributors/technical-analysis/235364-xau-usd-outlook-gold-price-rises-above-1500-but-larger-range-is-still-intact/ https://www.actionforex.com/contributors/technical-analysis/235364-xau-usd-outlook-gold-price-rises-above-1500-but-larger-range-is-still-intact/#respond Fri, 20 Sep 2019 10:18:46 +0000 https://www.actionforex.com/?p=235364 Spot gold price rose above $1500 handle on Friday, recovering from $1507/ $1483 dip after Fed rate cut. Widely expected action of the US central bank resulted in rather mild action of the dollar that kept the yellow metal, which usually moves in opposite direction, largely unchanged. Gold price holds in two-week consolidation range after […]

The post XAU/USD Outlook: Gold Price Rises Above $1500 But Larger Range Is Still Intact appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235364-xau-usd-outlook-gold-price-rises-above-1500-but-larger-range-is-still-intact/feed/ 0
DAX 30 Bullish Breakout Confirms Impulsive Wave 3 https://www.actionforex.com/contributors/technical-analysis/235360-dax-30-bullish-breakout-confirms-impulsive-wave-3/ https://www.actionforex.com/contributors/technical-analysis/235360-dax-30-bullish-breakout-confirms-impulsive-wave-3/#respond Fri, 20 Sep 2019 09:38:58 +0000 https://www.actionforex.com/?p=235360 The DAX 30 could be building an ABC (purple) zigzag pattern and a bullish breakout is aiming for the Fibonacci targets of wave C vs A. The DAX 30 is moving sideways in a corrective and choppy consolidation, which is typical for a wave 4 (green) pattern. This wave outlook remains valid as long as […]

The post DAX 30 Bullish Breakout Confirms Impulsive Wave 3 appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235360-dax-30-bullish-breakout-confirms-impulsive-wave-3/feed/ 0
GBPUSD 1.2580 Reached https://www.actionforex.com/contributors/technical-analysis/235357-gbpusd-1-2580-reached/ https://www.actionforex.com/contributors/technical-analysis/235357-gbpusd-1-2580-reached/#respond Fri, 20 Sep 2019 09:28:38 +0000 https://www.actionforex.com/?p=235357 The British pound has extended its gains against the US dollar during the European trading session, with the pair reaching 1.2580 so far. The 1.2600 level is now within reach of the GBPUSD pair, which may give rise to profit-taking now that price is close to the short-term target. Overall, the GBPUSD pair is unlikely […]

The post GBPUSD 1.2580 Reached appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235357-gbpusd-1-2580-reached/feed/ 0
USDJPY Bearish Pressure Building https://www.actionforex.com/contributors/technical-analysis/235354-usdjpy-bearish-pressure-building/ https://www.actionforex.com/contributors/technical-analysis/235354-usdjpy-bearish-pressure-building/#respond Fri, 20 Sep 2019 09:27:51 +0000 https://www.actionforex.com/?p=235354 The US dollar is starting to hold below the 108.00 resistance level against the Japanese yen currency, as bearish short-term pressure builds on the pair. The USDJPY pair could fall back to the 107.40 support level if bulls continue to struggle to take charge of price action. The momentum and MACD indicators are also turning […]

The post USDJPY Bearish Pressure Building appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235354-usdjpy-bearish-pressure-building/feed/ 0
Gold Muted As Risk Aversion Declines https://www.actionforex.com/contributors/technical-analysis/235341-gold-muted-as-risk-aversion-declines/ https://www.actionforex.com/contributors/technical-analysis/235341-gold-muted-as-risk-aversion-declines/#respond Fri, 20 Sep 2019 08:33:03 +0000 https://www.actionforex.com/?p=235341 The precious metal was trading modestly lower on Thursday following the easing risk aversion sentiment. The Fed rate cut also failed to move the precious metal higher. This came as the Fed maintained a less than dovish outlook on monetary policy. Meanwhile, the BoJ, which also signaled that it could act as early as October, […]

The post Gold Muted As Risk Aversion Declines appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235341-gold-muted-as-risk-aversion-declines/feed/ 0
BoE Holds Rates Steady As Expected https://www.actionforex.com/contributors/technical-analysis/235338-boe-holds-rates-steady-as-expected/ https://www.actionforex.com/contributors/technical-analysis/235338-boe-holds-rates-steady-as-expected/#respond Fri, 20 Sep 2019 08:32:22 +0000 https://www.actionforex.com/?p=235338 The Bank of England’s monetary policy was seen to be in line with expectations. The central bank left interest rates and its asset purchase program unchanged. The decision to leave rates steady comes with a unanimous vote. The recent pullback in inflation is also seen giving officials some breathing space in the backdrop of the […]

The post BoE Holds Rates Steady As Expected appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235338-boe-holds-rates-steady-as-expected/feed/ 0
Euro Trades Muted, Lack Of Fundamental Drivers https://www.actionforex.com/contributors/technical-analysis/235335-euro-trades-muted-lack-of-fundamental-drivers/ https://www.actionforex.com/contributors/technical-analysis/235335-euro-trades-muted-lack-of-fundamental-drivers/#respond Fri, 20 Sep 2019 08:31:34 +0000 https://www.actionforex.com/?p=235335 The euro mimicked price action in the US dollar which has remained rather flat. The common currency, however, was easing back on Thursday following brief highs during the intraday sessions. A lack of fundamentals from the eurozone following the ECB meeting is keeping investors on the sidelines. EUR/USD Back to Support The currency pair gave […]

The post Euro Trades Muted, Lack Of Fundamental Drivers appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/235335-euro-trades-muted-lack-of-fundamental-drivers/feed/ 0