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Forex Brokers: Assisting You with Your Trading Needs

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If you traded in the Forex market before or if you’re still trading now, you may have heard the term Forex broker a lot of times. However, as an individual trader, you may want to know what is a Forex broker and what they do.

Forex brokers are individuals or companies that assist individual traders and companies when they are trading in the Forex market. These individuals can really give you that extra edge you need in order to be successful in the Forex market. Although they will be trading your funded account, all the decisions are still yours to make if you want to.

Forex brokers are there to assist you with your trading needs in exchange for a small commission from what you earn. Here are some of the services that a Forex broker can give you:

• A Forex broker can give you advice regarding on real time quotes.
• A Forex broker can also give you advice on what to buy or sell by basing it on news feeds.
• A Forex broker can trade your funded account basing solely on his or her decision if you want them to.
• A Forex broker can also provide you with software data to help you with your trading decisions.

Searching for a good Forex broker can prove to be a very tedious task. Since there are a lot of advertising in the internet about Forex brokers, Forex traders get confused on which Forex broker they should hire. With all the Forex brokers out there that offers great Forex trading income and quotations, you will find it hard to choose a good and reputable Forex broker.

With a little research, you can find the right Forex broker who can be trusted. If you lack referrals for Forex brokers, you can try and do a little research of your own. The first thing you need to find out about a particular Forex broker with the amount of clients they serve. The more clients they serve the more chances that these brokers are trusted. You should also know the amount of trades these brokers are conducting.

Knowing the broker’s experience in the Forex market is also a great way to determine if he or she is the right broker to hire. Experienced Forex brokers will increase your chances of earning money from the Forex market.

If you have questions or complaints, you should call or email the company and ask questions regarding their trading system. You should never be uncomfortable doing this. Besides, they will be the one who will manage your money. And, it is your right to know about what they are doing with your money.

When choosing a Forex broker, you should also consider their trading options. You should also know that Forex brokers are different from what they can offer you. They differ in platforms, spreads, or leverage. You have to know which of the trading options is very important to you in order to be comfortable when you trade in the Forex market.

Most online Forex brokers offer potential clients with a demo account. This will allow you to try out their trading platform without actually risking money. You should look for a demo platform that works just like the real thing and you should also determine if you are comfortable with the trading platform.

Look for the features you want in a trading platform in order for you to know what to expect if you trade with them. If you are comfortable with a trading platform, you should consider trading with them, and if you are not, scratch them off your list. This is a great way to test their trading platform and not risk your money.

If a Forex broker is not willing to share financial information about their company, you shouldn’t trade with them because they are reluctant to share company information. They should answer your questions regarding on how they manage their client’s money and how they trade that money.

Always remember that if you see an offer that’s too good to be true by Forex traders, it probably is too good to be true. The Forex market is a very risky place to trade and Forex brokers must tell you that there are certain risks involved when trading in the Forex market. Avoid hiring a Forex broker who says that trading in Forex is easy and a very good money making market with very low risks.

These are the things you should consider when you look for a Forex broker. If you find that right broker, you can be sure that you can really earn money.












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string(42316) " Action Insight – 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 Thu, 02 Apr 2020 08:41:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Manufacturing PMI and Inflation in the Eurozone Reveal that Eurozone is Approaching Recession https://www.actionforex.com/action-insight/central-bank-analysis/284669-manufacturing-pmi-and-inflation-in-the-eurozone-reveal-that-eurozone-is-approaching-recession/ https://www.actionforex.com/action-insight/central-bank-analysis/284669-manufacturing-pmi-and-inflation-in-the-eurozone-reveal-that-eurozone-is-approaching-recession/#respond Thu, 02 Apr 2020 08:40:34 +0000 https://www.actionforex.com/?p=284669 Latest indicators for virus-haunted Eurozone’s economic developments suggest that the region is very close to recession. While accelerating QE, ECB refrained from lowering the policy rate March. We expect it would be obliged to do so in April. Meanwhile, coordinated fiscal action by the European Commission might be needed as the largest economies in the […]

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Dollar and Yen Rally Still Lack Conviction, Range Trading Continues https://www.actionforex.com/action-insight/market-overview/284498-dollar-and-yen-rally-still-lack-conviction-range-trading-continues/ https://www.actionforex.com/action-insight/market-overview/284498-dollar-and-yen-rally-still-lack-conviction-range-trading-continues/#respond Thu, 02 Apr 2020 05:05:52 +0000 https://www.actionforex.com/?p=284498 US stocks suffered the worst start to a quarter in history overnight. But Asian markets are generally steady after initial weakness. Other markets are generally stuck in familiar range. Dollar and Yen remain the strongest one for the week but there is still no clear follow through buying. Oil price is also gyrating in a […]

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US Oil Inventory Rose Sharply as Demand Plunged on Crisis https://www.actionforex.com/action-insight/oil-n-gold/284480-us-oil-inventory-rose-sharply-as-demand-plunged-on-crisis/ https://www.actionforex.com/action-insight/oil-n-gold/284480-us-oil-inventory-rose-sharply-as-demand-plunged-on-crisis/#respond Thu, 02 Apr 2020 04:32:02 +0000 https://www.actionforex.com/?p=284480 The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +21.04 mmb to 1286.82 mmb in the week ended March 27. Crude oil inventory soared +13.83 mmb (consensus: +4 mmb) to 469.19 mmb. Stockpile rose in ALL PADDs. PADD 3 (Gulf Coast) alone saw […]

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Dollar and Yen Back in Driving Seat as Risk Aversion is Coming Back https://www.actionforex.com/action-insight/market-overview/284423-dollar-and-yen-back-in-driving-seat-as-risk-aversion-is-coming-back/ https://www.actionforex.com/action-insight/market-overview/284423-dollar-and-yen-back-in-driving-seat-as-risk-aversion-is-coming-back/#respond Wed, 01 Apr 2020 12:42:56 +0000 https://www.actionforex.com/?p=284423 Dollar and Yen are trading as the stronger ones today as risk aversion seems to be coming back as another quarter starts. Commodity currencies are thew weakest ones as led by Canadian Dollar for now. Private job data from the US were not as bad as expected. But just like some other data, the full […]

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Markets Remain in Quiet Mood, Dollar Rebound Lost Momentum https://www.actionforex.com/action-insight/market-overview/284180-markets-remain-in-quiet-mood-dollar-rebound-lost-momentum/ https://www.actionforex.com/action-insight/market-overview/284180-markets-remain-in-quiet-mood-dollar-rebound-lost-momentum/#respond Wed, 01 Apr 2020 04:36:51 +0000 https://www.actionforex.com/?p=284180 Markets are starting another with rather quiet mood. Some economic data might be not as bad as expected, but they’re giving no lift to sentiments. Dollar attempted for a rebound overnight but there was apparently no follow through buying. Gold’s dip was a positive sign for the greenback but there was no follow through selling […]

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Dollar Showing Signs of Rebound While Other Markets Consolidate https://www.actionforex.com/action-insight/market-overview/284097-dollar-showing-signs-of-rebound-while-other-markets-consolidate/ https://www.actionforex.com/action-insight/market-overview/284097-dollar-showing-signs-of-rebound-while-other-markets-consolidate/#respond Tue, 31 Mar 2020 13:10:40 +0000 https://www.actionforex.com/?p=284097 Markets continue to staying in tight range today as consolidations continue. There is still no end in sight regarding the coronavirus pandemic, with confirmed cases breaking 800k handle, and deaths above 39k. Movements in the major stock indexes are mild based on recent standard. WTI crude oil is back above 22 handle after earlier dip […]

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Chinese Government Expected to Accelerate Stimulus Despite Sharp Rebound in PMIs. https://www.actionforex.com/action-insight/china-watch/283845-chinese-government-expected-to-accelerate-stimulus-despite-sharp-rebound-in-pmis/ https://www.actionforex.com/action-insight/china-watch/283845-chinese-government-expected-to-accelerate-stimulus-despite-sharp-rebound-in-pmis/#respond Tue, 31 Mar 2020 05:31:51 +0000 https://www.actionforex.com/?p=283845 China’s official PMIs sharply rebounded in March. Manufacturing PMI jumped to 52, from a record low of 35.7 in February. The non-manufacturing index rose to 52.3, from a record low of 29.6 in February. We suggest to interpret the data with caution as the qualitative nature of the survey might have masked the actual situation […]

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Chinese Data Fail to Lift Sentiments, Markets Locked Down in Range https://www.actionforex.com/action-insight/market-overview/283838-chinese-data-fail-to-lift-sentiments-markets-locked-down-in-range/ https://www.actionforex.com/action-insight/market-overview/283838-chinese-data-fail-to-lift-sentiments-markets-locked-down-in-range/#respond Tue, 31 Mar 2020 05:03:29 +0000 https://www.actionforex.com/?p=283838 Markets are generally directionless in Asian session today. Strong rebound in China PMIs somewhat fails to lift sentiments. As the origin of the coronavirus pandemic, China could be the first country to come out of it. Yet, one month of data is insufficient to confirm recovery, as the world is still under severe health and […]

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Dollar Recovers as Risk Sentiments Turn Soft, Still Early to Call Bottom https://www.actionforex.com/action-insight/market-overview/283744-dollar-recovers-as-risk-sentiments-turn-soft-still-early-to-call-bottom/ https://www.actionforex.com/action-insight/market-overview/283744-dollar-recovers-as-risk-sentiments-turn-soft-still-early-to-call-bottom/#respond Mon, 30 Mar 2020 12:35:19 +0000 https://www.actionforex.com/?p=283744 Global financial markets are generally quiet today. Stocks quickly pared back some of initial losses even though major indices are staying in red. US futures suggest that there is no clear direction for now. Dollar recovers generally and appears to be gathering momentum entering into US session. Yen, Swiss Franc and Sterling are not too […]

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Asian Markets Lower as US Gives Up Easter Coronavirus Target, Yen Firmer https://www.actionforex.com/action-insight/market-overview/283460-asian-markets-lower-as-us-gives-up-easter-coronavirus-target-yen-firmer/ https://www.actionforex.com/action-insight/market-overview/283460-asian-markets-lower-as-us-gives-up-easter-coronavirus-target-yen-firmer/#respond Mon, 30 Mar 2020 03:19:12 +0000 https://www.actionforex.com/?p=283460 Asian markets open the week generally lower as there is no sign of even a slowdown in coronavirus pandemic. The US has also given up hope for returning to normal by Easter. Yen strengthens generally, followed by Dollar. Meanwhile, Sterling and Euro are giving up some gains. Movements in the currency markets are so far […]

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CFTC Commitments of Traders – US Dollar Remained Firm again Major Currencies https://www.actionforex.com/action-insight/special-topics/283404-cftc-commitments-of-traders-us-dollar-remained-firm-again-major-currencies/ https://www.actionforex.com/action-insight/special-topics/283404-cftc-commitments-of-traders-us-dollar-remained-firm-again-major-currencies/#respond Sat, 28 Mar 2020 14:11:04 +0000 https://www.actionforex.com/?p=283404 The reporting period was ahead of Fed’s announcement of QE infinity. During the week, US dollar rallied against major currencies. Although the Fed announced to resumed QE, the purchase of US$700B of assets was small as a percentage of US GDP. Meanwhile, as other central banks have announced to join the QE camp, US dollar […]

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CFTC Commitments of Traders – Gold Price Resumed Rally while Crude Oil Fell to Almost Decade Low as Recession Risk Heightened https://www.actionforex.com/action-insight/oil-n-gold/283362-cftc-commitments-of-traders-gold-price-resumed-rally-while-crude-oil-fell-to-almost-decade-low-as-recession-risk-heightened/ https://www.actionforex.com/action-insight/oil-n-gold/283362-cftc-commitments-of-traders-gold-price-resumed-rally-while-crude-oil-fell-to-almost-decade-low-as-recession-risk-heightened/#respond Sat, 28 Mar 2020 11:28:43 +0000 https://www.actionforex.com/?p=283362 Bets on higher gold price increased as worsening coronavirus pandemic intensified concerns over global recession. On the other hand, traders increased bets on both higher and lower crude oil prices, but the latter prevailed. The front-month WTI crude contract slumped to lowest level since 2011 during the week. According to the CFTC Commitments of Traders […]

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As Recovery in Stocks Lose Momentum, Could Dollar Strike Back? https://www.actionforex.com/action-insight/market-overview/283346-as-recovery-in-stocks-lose-momentum-could-dollar-strike-back/ https://www.actionforex.com/action-insight/market-overview/283346-as-recovery-in-stocks-lose-momentum-could-dollar-strike-back/#respond Sat, 28 Mar 2020 08:05:40 +0000 https://www.actionforex.com/?p=283346 While the coronavirus pandemic continued to worsen globally, investor sentiment somewhat stabilized after governments and central banks rushed to push out tighter lockdown measures, fiscal stimulus and monetary easing. Dollar suffered massive selling on easing risk aversion, improving funding conditions, as well as Fed’s QE infinity. Canadian Dollar ended as the second weakest after BoC’s […]

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Markets in Profit Taking Retreat, Yen and Dollar Recovering Grounds https://www.actionforex.com/action-insight/market-overview/283237-markets-in-profit-taking-retreat-yen-and-dollar-recovering-grounds/ https://www.actionforex.com/action-insight/market-overview/283237-markets-in-profit-taking-retreat-yen-and-dollar-recovering-grounds/#respond Fri, 27 Mar 2020 13:26:45 +0000 https://www.actionforex.com/?p=283237 European stocks and US futures turn softer today, apparently on pre-weekend profit taking again. FTSE is additionally pressured, possibly as Prime Minister Boris Johnson was tested positive for coronavirus. In the currency markets, Yen regains some ground together with Swiss Franc and Dollar. Commodity currencies are mildly lower. However, for the whole week, Dollar remains […]

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Global Central Banks Rushed to Stimulus Amidst Limited Monetary Policy Tools https://www.actionforex.com/action-insight/central-bank-analysis/283034-global-central-banks-rushed-to-stimulus-amidst-limited-monetary-policy-tools/ https://www.actionforex.com/action-insight/central-bank-analysis/283034-global-central-banks-rushed-to-stimulus-amidst-limited-monetary-policy-tools/#respond Fri, 27 Mar 2020 08:59:07 +0000 https://www.actionforex.com/?p=283034 As the coronavirus pandemic could very likely lead the world to recession, global central banks have rushed to inject liquidity through rate cuts another other unconventional measures. However, interest rates have already stayed at very low levels before the crisis. The room for further rate cuts is limited. Some central banks have been adopting negative […]

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US Coronavirus Infections and Stocks Surge, Dollar Weakens https://www.actionforex.com/action-insight/market-overview/283000-us-coronavirus-infections-and-stocks-surge-dollar-weakens/ https://www.actionforex.com/action-insight/market-overview/283000-us-coronavirus-infections-and-stocks-surge-dollar-weakens/#respond Fri, 27 Mar 2020 07:26:51 +0000 https://www.actionforex.com/?p=283000 Dollar is set to end the week as the week as the worst performing as corrections in the financial markets extend. Asian indices are generally higher following another day of strong close in the US overnight. Yen follows Dollar as the second weakest naturally as risk aversion eased. Meanwhile, Sterling is surprisingly the strongest one […]

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Dollar Stays Soft after Shocking Jobless Claims, BoE Stands Pat https://www.actionforex.com/action-insight/market-overview/282929-dollar-stays-soft-after-shocking-jobless-claims-boe-stands-pat/ https://www.actionforex.com/action-insight/market-overview/282929-dollar-stays-soft-after-shocking-jobless-claims-boe-stands-pat/#respond Thu, 26 Mar 2020 13:06:38 +0000 https://www.actionforex.com/?p=282929 Dollar softens mildly again today as consolidation extends. The shock delivered by initial jobless claims is actually rather well expected. The greenback dips slightly after Fed chair Jerome Powell’s comments, but that’s it. BoE keep monetary policies unchanged at the scheduled meeting today, which also triggered little reactions. Yen is currently the strongest one, followed […]

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Risk Rebound Fades as Focus Turns to Jobless Claims and BoE https://www.actionforex.com/action-insight/market-overview/282737-risk-rebound-fades-as-focus-turns-to-jobless-claims-and-boe/ https://www.actionforex.com/action-insight/market-overview/282737-risk-rebound-fades-as-focus-turns-to-jobless-claims-and-boe/#respond Thu, 26 Mar 2020 07:03:39 +0000 https://www.actionforex.com/?p=282737 Asian markets turn softer today as boost from US stimulus package fades very quickly. Focus will instead turn to BoE rate decision and US jobless claims. In particular, the latter would reveal how serious the initial impact of coronavirus outbreak in the US is. In the currency markets, commodity currencies turn generally softer today as […]

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Markets Turned Mixed after Stimulus Rally, Dollar Staying in Consolidations https://www.actionforex.com/action-insight/market-overview/282609-markets-turned-mixed-after-stimulus-rally-dollar-staying-in-consolidations/ https://www.actionforex.com/action-insight/market-overview/282609-markets-turned-mixed-after-stimulus-rally-dollar-staying-in-consolidations/#respond Wed, 25 Mar 2020 13:15:57 +0000 https://www.actionforex.com/?p=282609 The stimulus deal in US Congress gave markets just a very brief lift. European indices turned mixed after initial rally while US futures are essentially flat. Trading in the currency markets is subdued too with Australian Dollar leading commodity currencies higher. Yen, Swiss Franc and Dollar remain soft. Gold appears to be losing some upside […]

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Sentiments Boosted By US Stimulus Deal, Dollar, Yen and Swiss Soften https://www.actionforex.com/action-insight/market-overview/282367-sentiments-boosted-by-us-stimulus-deal-dollar-yen-and-swiss-soften/ https://www.actionforex.com/action-insight/market-overview/282367-sentiments-boosted-by-us-stimulus-deal-dollar-yen-and-swiss-soften/#respond Wed, 25 Mar 2020 06:18:57 +0000 https://www.actionforex.com/?p=282367 Asian markets generally strengthen today and are given another lift after US politicians finally agreed to a USD 2T coronavirus stimulus deal. Australian Dollar leads other commodity currencies higher. On the other hand, Yen weakens broadly, followed by Yen and then Dollar. Some important economic data will be released today including German Ifo, UK CPI […]

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string(28654) " Technical Outlook – 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 Thu, 02 Apr 2020 07:05:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 GBP/JPY Daily Outlook https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284572-gbp-jpy-daily-outlook-829/ https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284572-gbp-jpy-daily-outlook-829/#respond Thu, 02 Apr 2020 07:05:59 +0000 https://www.actionforex.com/?p=284572 Daily Pivots: (S1) 132.16; (P) 132.97; (R1) 133.45; More… No change in GBP/JPY’s outlook. Another rise could still be seen, but upside should be limited by 61.8% retracement of 144.95 to 123.94 at 136.92 to bring fall resumption. On the downside, break of 129.85 minor support will bring retest of 123.94 low first. However, sustained […]

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EUR/JPY Daily Outlook https://www.actionforex.com/technical-outlook/eurjpy-outlook/284563-eur-jpy-daily-outlook-827/ https://www.actionforex.com/technical-outlook/eurjpy-outlook/284563-eur-jpy-daily-outlook-827/#respond Thu, 02 Apr 2020 07:03:48 +0000 https://www.actionforex.com/?p=284563 Daily Pivots: (S1) 116.69; (P) 117.79; (R1) 118.62; More…. Intraday bias in EUR/JPY stays neutral first. Consolidation from 115.86 could extend with another rise. On the upside, break of 121.39 will target 122.87 resistance. On the downside, sustained break of 115.86 will indicate larger down trend resumption. In the bigger picture, outlook remains bearish as […]

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EUR/GBP Daily Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/284541-eur-gbp-daily-outlook-829/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/284541-eur-gbp-daily-outlook-829/#respond Thu, 02 Apr 2020 06:42:49 +0000 https://www.actionforex.com/?p=284541 Daily Pivots: (S1) 0.8794; (P) 0.8853; (R1) 0.8919; More… No change in EUR/GBP’s outlook as correction from 0.9499 is extending. Deeper fall could be seen but downside should be contained by 61.8% retracement of 0.8282 to 0.9499 at 0.8747 to bring rally resumption. On the upside, above 0.9052 minor resistance will turn bias back to […]

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EUR/AUD Daily Outlook https://www.actionforex.com/technical-outlook/euraud-outlook/284537-eur-aud-daily-outlook-823/ https://www.actionforex.com/technical-outlook/euraud-outlook/284537-eur-aud-daily-outlook-823/#respond Thu, 02 Apr 2020 06:40:10 +0000 https://www.actionforex.com/?p=284537 Daily Pivots: (S1) 1.7853; (P) 1.7989; (R1) 1.8189; More… EUR/AUD is staying in correction from 1.9799 and deeper fall could be seen. But downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.8747 minor resistance will turn bias to the upside for retesting […]

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EUR/CHF Daily Outlook https://www.actionforex.com/technical-outlook/eurchf-outlook/284533-eur-chf-daily-outlook-829/ https://www.actionforex.com/technical-outlook/eurchf-outlook/284533-eur-chf-daily-outlook-829/#respond Thu, 02 Apr 2020 06:36:59 +0000 https://www.actionforex.com/?p=284533 Daily Pivots: (S1) 1.0561; (P) 1.0585; (R1) 1.0613; More… EUR/CHF is staying in consolidation from 1.0523 and intraday bias remains neutral. Outlook stays bearish with 1.0710 resistance intact. Break of 1.0523 will resume larger down trend to 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. However, on the upside, break of 1.0710 […]

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EUR/USD Daily Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/284529-eur-usd-daily-outlook-831/ https://www.actionforex.com/technical-outlook/eurusd-outlook/284529-eur-usd-daily-outlook-831/#respond Thu, 02 Apr 2020 05:36:56 +0000 https://www.actionforex.com/?p=284529 Daily Pivots: (S1) 1.0900; (P) 1.0969; (R1) 1.1036; More… Further decline is still mildly in favor in EUR/USD. Corrective rebound from 1.0635 could have completed at 1.1147 already. retest of 1.0635 low should be seen next. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at 1.1167 will raise the chance […]

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GBP/USD Daily Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/284525-gbp-usd-daily-outlook-836/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/284525-gbp-usd-daily-outlook-836/#respond Thu, 02 Apr 2020 05:34:14 +0000 https://www.actionforex.com/?p=284525 Daily Pivots: (S1) 1.2324; (P) 1.2383; (R1) 1.2434; More… intraday bias in GBP/USD remains neutral at this point. On the downside, break of 1.2144 minor support will suggest completion of the rebound from 1.1409 and turn bias to the downside for retesting 1.1409 low. On the upside, sustained break of 61.8% retracement of 1.3200 to […]

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USD/CHF Daily Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/284521-usd-chf-daily-outlook-830/ https://www.actionforex.com/technical-outlook/usdchf-outlook/284521-usd-chf-daily-outlook-830/#respond Thu, 02 Apr 2020 05:32:12 +0000 https://www.actionforex.com/?p=284521 Daily Pivots: (S1) 0.9609; (P) 0.9650; (R1) 0.9697; More… At this point, further rise remains in favor in USD/CHF. Pull back from 0.9901 could have completed at 0.9502 already. Retest of 0.9901 should be seen next. However, on the downside, sustained break of 61.8% retracement of 0.9181 to 0.9901 at 0.9456 will target a test […]

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USD/JPY Daily Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/284517-usd-jpy-daily-outlook-831/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/284517-usd-jpy-daily-outlook-831/#respond Thu, 02 Apr 2020 05:29:50 +0000 https://www.actionforex.com/?p=284517 Daily Pivots: (S1) 106.75; (P) 107.34; (R1) 107.77; More... Intraday bias in USD/JPY remains neutral for the moment. On the downside, decisive break of 106.75 support should confirm completion of rebound from 101.18, after failing 112.22 key resistance. Intraday bias will be turned back to the downside for retesting 101.18 low. On the upside, above […]

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AUD/USD Daily Report https://www.actionforex.com/technical-outlook/audusd-outlook/284513-aud-usd-daily-report-102/ https://www.actionforex.com/technical-outlook/audusd-outlook/284513-aud-usd-daily-report-102/#respond Thu, 02 Apr 2020 05:27:20 +0000 https://www.actionforex.com/?p=284513 Daily Pivots: (S1) 0.6024; (P) 0.6091; (R1) 0.6143; More… Intraday bias in AUD/USD remains neutral at this point. We’d continue to expect strong resistance from 61.8% retracement of 0.6684 to 0.5506 at 0.6234 to limit upside to complete the corrective rise from 0.5506. On the downside, break of 0.5870 minor support will turn bias back […]

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USD/CAD Daily Outlook https://www.actionforex.com/technical-outlook/usdcad-outlook/284511-usd-cad-daily-outlook-827/ https://www.actionforex.com/technical-outlook/usdcad-outlook/284511-usd-cad-daily-outlook-827/#respond Thu, 02 Apr 2020 05:06:35 +0000 https://www.actionforex.com/?p=284511 Daily Pivots: (S1) 1.4064; (P) 1.4168; (R1) 1.4273; More…. USD/CAD’s recovery from 1.3920 struggled to extend after hitting 1.4349 and intraday bias is turned neutral first. On the upside, break of 1.4349 will reaffirm that correction from 1.4667 has completed. Intraday bias will be turned to the upside for retesting 1.4667/89 resistance zone. On the […]

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USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/284439-usd-jpy-mid-day-outlook-805/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/284439-usd-jpy-mid-day-outlook-805/#respond Wed, 01 Apr 2020 13:07:19 +0000 https://www.actionforex.com/?p=284439 Daily Pivots: (S1) 107.07; (P) 107.90; (R1) 108.34; More... Intraday bias in USD/JPY remains neutral as consolidation continues. On the downside, decisive break of 106.75 support should confirm completion of rebound from 101.18, after failing 112.22 key resistance. Intraday bias will be turned back to the downside for retesting 101.18 low. On the upside, above […]

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USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/284435-usd-chf-mid-day-outlook-804/ https://www.actionforex.com/technical-outlook/usdchf-outlook/284435-usd-chf-mid-day-outlook-804/#respond Wed, 01 Apr 2020 13:05:34 +0000 https://www.actionforex.com/?p=284435 Daily Pivots: (S1) 0.9570; (P) 0.9628; (R1) 0.9675; More… No change in USD/CHF’s outlook and intraday bias stays cautiously on the upside. Corrective pullback from 0.9901 could have completed at 0.9502 already. Further rise is mildly in favor to retest 0.9901. On the downside, sustained break of 61.8% retracement of 0.9181 to 0.9901 at 0.9456 […]

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GBP/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/284431-gbp-usd-mid-day-outlook-801/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/284431-gbp-usd-mid-day-outlook-801/#respond Wed, 01 Apr 2020 13:03:16 +0000 https://www.actionforex.com/?p=284431 Daily Pivots: (S1) 1.2282; (P) 1.2378; (R1) 1.2512; More… GBP/USD is staying in tight range and intraday bias remains neutral first. On the downside, break of 1.2144 minor support will suggest completion of the rebound from 1.1409 and turn bias to the downside for retesting 1.1409 low. On the upside, sustained break of 61.8% retracement […]

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EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/284427-eur-usd-mid-day-outlook-808/ https://www.actionforex.com/technical-outlook/eurusd-outlook/284427-eur-usd-mid-day-outlook-808/#respond Wed, 01 Apr 2020 12:43:31 +0000 https://www.actionforex.com/?p=284427 Daily Pivots: (S1) 1.0957; (P) 1.1005; (R1) 1.1084; More… EUR/USD’s from 1.1147 is extending today and intraday bias stays on the downside. Rebound from 1.0635 could have completed at 1.1147 already. Deeper fall is mildly in favor for retesting 1.0635 low. On the upside, however, decisive break of 61.8% retracement of 1.1496 to 1.0635 at […]

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GBP/JPY Daily Outlook https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284277-gbp-jpy-daily-outlook-828/ https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284277-gbp-jpy-daily-outlook-828/#respond Wed, 01 Apr 2020 06:52:20 +0000 https://www.actionforex.com/?p=284277 Daily Pivots: (S1) 132.84; (P) 133.73; (R1) 134.39; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Another rise could still be seen, but upside should be limited by 61.8% retracement of 144.95 to 123.94 at 136.92 to bring fall resumption. On the downside, break of 129.85 minor support will bring retest of […]

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EUR/JPY Daily Outlook https://www.actionforex.com/technical-outlook/eurjpy-outlook/284273-eur-jpy-daily-outlook-826/ https://www.actionforex.com/technical-outlook/eurjpy-outlook/284273-eur-jpy-daily-outlook-826/#respond Wed, 01 Apr 2020 06:49:12 +0000 https://www.actionforex.com/?p=284273 Daily Pivots: (S1) 118.00; (P) 118.85; (R1) 119.50; More…. No change in EUR/JPY’s outlook and intraday bias remains neutral for the moment. Consolidation from 115.86 could extend with another rise. On the upside, break of 121.39 will target 122.87 resistance. On the downside, sustained break of 115.86 will indicate larger down trend resumption. In the […]

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EUR/GBP Daily Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/284268-eur-gbp-daily-outlook-828/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/284268-eur-gbp-daily-outlook-828/#respond Wed, 01 Apr 2020 06:46:15 +0000 https://www.actionforex.com/?p=284268 Daily Pivots: (S1) 0.8809; (P) 0.8891; (R1) 0.8969; More… EUR/GBP correction from 0.9499 is still in progress and deeper fall cannot be ruled out. But downside should be contained by 61.8% retracement of 0.8282 to 0.9499 at 0.8747 to bring rally resumption. On the upside, above 0.9052 minor resistance will turn bias back to the […]

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EUR/AUD Daily Outlook https://www.actionforex.com/technical-outlook/euraud-outlook/284257-eur-aud-daily-outlook-822/ https://www.actionforex.com/technical-outlook/euraud-outlook/284257-eur-aud-daily-outlook-822/#respond Wed, 01 Apr 2020 06:43:19 +0000 https://www.actionforex.com/?p=284257 Daily Pivots: (S1) 1.7788; (P) 1.7911; (R1) 1.8089; More… Outlook in EUR/AUD remains unchanged as correction from 1.9799 might extend. But downside should be contained by 61.8% retracement of 1.6085 to 1.9799 at 1.7504 to bring rebound. On the upside, break of 1.8747 minor resistance will turn bias to the upside for retesting 1.9799 high […]

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EUR/CHF Daily Outlook https://www.actionforex.com/technical-outlook/eurchf-outlook/284245-eur-chf-daily-outlook-828/ https://www.actionforex.com/technical-outlook/eurchf-outlook/284245-eur-chf-daily-outlook-828/#respond Wed, 01 Apr 2020 06:41:12 +0000 https://www.actionforex.com/?p=284245 Daily Pivots: (S1) 1.0576; (P) 1.0599; (R1) 1.0636; More… Intraday bias in EUR/CHF remains neutral as range trading continues. Outlook stays bearish with 1.0710 resistance intact. Break of 1.0523 will resume larger down trend to 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. However, on the upside, break of 1.0710 will indicate […]

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string(33343) " 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 Thu, 02 Apr 2020 10:28:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 WTI Oil Outlook: Oil Bounces On Fresh Optimism But Needs To Clear Many Obstacles To Generate Stronger Bullish Signal https://www.actionforex.com/contributors/technical-analysis/284723-wti-oil-outlook-oil-bounces-on-fresh-optimism-but-needs-to-clear-many-obstacles-to-generate-stronger-bullish-signal/ https://www.actionforex.com/contributors/technical-analysis/284723-wti-oil-outlook-oil-bounces-on-fresh-optimism-but-needs-to-clear-many-obstacles-to-generate-stronger-bullish-signal/#respond Thu, 02 Apr 2020 10:28:39 +0000 https://www.actionforex.com/?p=284723 WTI oil price bounced after triple-attack at critical $20 support failed to break lower and extended gains above $22 on Thursday as the action is holding in green for the second day. Fresh optimism among traders comes from President Trump’s attempts to assist Russia and Saudi Arabia to reach deal and end price war. Trump […]

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EURUSD Slips Near 1.0900, SMAs Seem Ready For Bearish Cross https://www.actionforex.com/contributors/technical-analysis/284720-eurusd-slips-near-1-0900-smas-seem-ready-for-bearish-cross/ https://www.actionforex.com/contributors/technical-analysis/284720-eurusd-slips-near-1-0900-smas-seem-ready-for-bearish-cross/#respond Thu, 02 Apr 2020 10:13:02 +0000 https://www.actionforex.com/?p=284720 EURUSD is falling lower again near 1.0900, below the 20- and 40-period simple moving averages (SMAs) and the 38.2% Fibonacci retracement level of the down leg from 1.1495 to 1.0636 at 1.0962 over the last days. The pullback on the confronted 1.1150 level appeared to be a strong resistance for the bulls as the short-term […]

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Huge Two Weeks For Markets https://www.actionforex.com/contributors/fundamental-analysis/284718-huge-two-weeks-for-markets/ https://www.actionforex.com/contributors/fundamental-analysis/284718-huge-two-weeks-for-markets/#respond Thu, 02 Apr 2020 10:10:44 +0000 https://www.actionforex.com/?p=284718 Stock markets in Europe have openeda little mixed on Thursday after the second quarter got off to a disappointing start a day earlier. The change of tone from Trump on Tuesday seemed to really dampen the mood in the markets after a good week heading into the end of the first quarter. The realisation of […]

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GBP/USD Outlook: Sideways Mode Between Key Levels Extends Into Fourth Straight Day https://www.actionforex.com/contributors/technical-analysis/284715-gbp-usd-outlook-sideways-mode-between-key-levels-extends-into-fourth-straight-day/ https://www.actionforex.com/contributors/technical-analysis/284715-gbp-usd-outlook-sideways-mode-between-key-levels-extends-into-fourth-straight-day/#respond Thu, 02 Apr 2020 10:07:31 +0000 https://www.actionforex.com/?p=284715 Cable remains congested for the fourth straight day, lacking direction signal, as the upside remains capped by thick weekly cloud, while strong bids at 1.2304 (broken Fibo 50% level) and 1.2256 (20DMA) keep the downside limited. Fresh bullish momentum on daily chart underpins, but overbought stochastic and flat RSI add to obstacles. Expect directionless mode […]

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EURUSD 1.0980 Resistance https://www.actionforex.com/contributors/technical-analysis/284712-eurusd-1-0980-resistance/ https://www.actionforex.com/contributors/technical-analysis/284712-eurusd-1-0980-resistance/#respond Thu, 02 Apr 2020 10:05:42 +0000 https://www.actionforex.com/?p=284712 The euro currency is attempting to gain upside momentum against the US dollar after the technically important 1.0900 level held. EURUSD bulls may now start to target the 1.0980 resistance level if the 1.0900 support level continues to hold. Overall, traders may become more cautious towards the EURUSD pair ahead of Friday’s non-farm payroll job […]

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BTCUSD Decision Time https://www.actionforex.com/contributors/technical-analysis/284709-btcusd-decision-time-2/ https://www.actionforex.com/contributors/technical-analysis/284709-btcusd-decision-time-2/#respond Thu, 02 Apr 2020 09:59:55 +0000 https://www.actionforex.com/?p=284709 Bitcoin has staged a strong recovery from the $6,150 technical region after sellers failed to break below the $6,000 level on Wednesday. BTCUSD bulls must now break above the $7,000 resistance level or the recent rally is at risk of being entirely reversed. If buyers can continue to the recent momentum and overcome the $7,000 […]

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The Analytical Overview Of The Main Currency Pairs https://www.actionforex.com/contributors/technical-analysis/284698-the-analytical-overview-of-the-main-currency-pairs-384/ https://www.actionforex.com/contributors/technical-analysis/284698-the-analytical-overview-of-the-main-currency-pairs-384/#respond Thu, 02 Apr 2020 09:20:43 +0000 https://www.actionforex.com/?p=284698 The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.10390 Open: 1.09615 % chg. over the last day: -0.61 Day’s range: 1.09300 – 1.09681 52 wk range: 1.0777 – 1.1494 Sales prevail on the EUR/USD currency pair. Quotes have updated local lows. The COVID-19 pandemic continues to impact the global economy negatively. […]

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Nonfarm Payrolls: Too Early For The Real Carnage https://www.actionforex.com/contributors/fundamental-analysis/284692-nonfarm-payrolls-too-early-for-the-real-carnage/ https://www.actionforex.com/contributors/fundamental-analysis/284692-nonfarm-payrolls-too-early-for-the-real-carnage/#respond Thu, 02 Apr 2020 09:07:36 +0000 https://www.actionforex.com/?p=284692 The all-important US employment report for March will see the light at 12:30 GMT on Friday, and investors will be anxious to find out exactly how many Americans lost their jobs at the onset of the virus crisis. Alas, since these data were collected in the first half of March, before many of the virus-related […]

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USDJPY Although Briefly Frozen, Sustains A Bearish Tilt https://www.actionforex.com/contributors/technical-analysis/284689-usdjpy-although-briefly-frozen-sustains-a-bearish-tilt/ https://www.actionforex.com/contributors/technical-analysis/284689-usdjpy-although-briefly-frozen-sustains-a-bearish-tilt/#respond Thu, 02 Apr 2020 09:05:43 +0000 https://www.actionforex.com/?p=284689 USDJPY’s latest slide that commenced on March 24 has sunk aggressively past all simple moving averages (SMAs) and under the 107.69 hurdle, that being the 38.2% Fibonacci retracement of the up leg from a 41-month low of 101.17 to 111.71. Currently, upside corrections seem limited by the mid-Bollinger band and the flattened and congested SMAs […]

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EUR/USD Outlook: Bears Face Strong Headwinds From Key Support At 1.0891 But Still Don’t Give Up https://www.actionforex.com/contributors/technical-analysis/284686-eur-usd-outlook-bears-face-strong-headwinds-from-key-support-at-1-0891-but-still-dont-give-up/ https://www.actionforex.com/contributors/technical-analysis/284686-eur-usd-outlook-bears-face-strong-headwinds-from-key-support-at-1-0891-but-still-dont-give-up/#respond Thu, 02 Apr 2020 09:03:23 +0000 https://www.actionforex.com/?p=284686 The Euro extends weakness from 1.1147 high into fourth straight day, focusing again key support at 1.0891 (daily cloud base/Tenkan-sen/50% retracement of 1.0635/1.1147). Double downside rejection in past two days and failure to close below cracked Fibo support at 1.0951 (38.2%) suggests that bears face strong headwinds with today’s action expected to give more hints […]

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NZD/USD Revealed Junior Channel https://www.actionforex.com/contributors/technical-analysis/284683-nzd-usd-revealed-junior-channel/ https://www.actionforex.com/contributors/technical-analysis/284683-nzd-usd-revealed-junior-channel/#respond Thu, 02 Apr 2020 09:00:40 +0000 https://www.actionforex.com/?p=284683 The NZD/USD currency pair has revealed a new junior descending channel. The channel pattern guided the price during yesterday’s trading session. Everything being equal, the exchange rate will most likely continue to maintain the junior descending channel pattern within this session. The pair could target the upper line of the channel at the 0.6000 mark. […]

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EUR/JPY Likely To Maintain Channel https://www.actionforex.com/contributors/technical-analysis/284680-eur-jpy-likely-to-maintain-channel-2/ https://www.actionforex.com/contributors/technical-analysis/284680-eur-jpy-likely-to-maintain-channel-2/#respond Thu, 02 Apr 2020 08:51:40 +0000 https://www.actionforex.com/?p=284680 The common European currency declined by 188 pips or 1.58% in value against the Japanese Yen on Wednesday. The currency pair tested the 117.00 area during yesterday’s trading session. All things being equal, the exchange rate will most likely continue to trade in the descending channel pattern within this session. The potential target for the […]

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AUD/USD Trades At 0.6119 https://www.actionforex.com/contributors/technical-analysis/284677-aud-usd-trades-at-0-6119/ https://www.actionforex.com/contributors/technical-analysis/284677-aud-usd-trades-at-0-6119/#respond Thu, 02 Apr 2020 08:50:24 +0000 https://www.actionforex.com/?p=284677 The Australian Dollar declined by 97 pips or 1.58% in value against the US Dollar on Wednesday. The currency pair breached the 50– and 100– hour simple moving average during yesterday’s trading session. As for the near future, the exchange rate will likely continue to edge lower until it reaches a support cluster formed by […]

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USD/CAD Sell Signals https://www.actionforex.com/contributors/technical-analysis/284674-usd-cad-sell-signals/ https://www.actionforex.com/contributors/technical-analysis/284674-usd-cad-sell-signals/#respond Thu, 02 Apr 2020 08:49:31 +0000 https://www.actionforex.com/?p=284674 The US Dollar surged by 153 pips or 1.08% in value against the Canadian Dollar on Wednesday. The currency pair tested the 200– hour simple moving average at 1.4234 during Wednesday’s trading session. After the exchange rate tested the 200– hour SMA, the USD/CAD pair made a downside reversal. Most likely, the pair will continue […]

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Stock Sell Off Eases, Dollar Pulls Back As Markets Calm Slightly https://www.actionforex.com/contributors/fundamental-analysis/284665-stock-sell-off-eases-dollar-pulls-back-as-markets-calm-slightly/ https://www.actionforex.com/contributors/fundamental-analysis/284665-stock-sell-off-eases-dollar-pulls-back-as-markets-calm-slightly/#respond Thu, 02 Apr 2020 08:30:47 +0000 https://www.actionforex.com/?p=284665 Virus panic subsides slightly, lifting stocks, but markets remain jittery Dollar retreats from highs but braces for another jump in US jobless claims Oil soars on hopes of Saudi-Russia truce, China stockpiling Tepid recovery in stock markets After a sharp two-day sell-off on Wall Street, it was a relatively calmer start to the day on […]

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Gold Bulls To Stay In Charge Until Trendline Breaks https://www.actionforex.com/contributors/technical-analysis/284662-gold-bulls-to-stay-in-charge-until-trendline-breaks/ https://www.actionforex.com/contributors/technical-analysis/284662-gold-bulls-to-stay-in-charge-until-trendline-breaks/#respond Thu, 02 Apr 2020 08:25:57 +0000 https://www.actionforex.com/?p=284662 Gold found strong footing near 1,450 and the upper surface of the Ichimoku cloud on the weekly chart and reversed north again, retaining its bullish structure in the long-term picture. Currently, the price is eating a portion of the bold gains it earned last week and the RSI and the MACD are providing little hope […]

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GBPJPY Looks For Some Recovery After Strong Drop-Off https://www.actionforex.com/contributors/technical-analysis/284659-gbpjpy-looks-for-some-recovery-after-strong-drop-off/ https://www.actionforex.com/contributors/technical-analysis/284659-gbpjpy-looks-for-some-recovery-after-strong-drop-off/#respond Thu, 02 Apr 2020 08:24:56 +0000 https://www.actionforex.com/?p=284659 GBPJPY is retreating from the 50.0% Fibonacci retracement level of the downward move from 144.95 to 124.00 at 134.48 but has been developing in an upside correction wave over the last two weeks. The price has had a successful attempt above the mid-level of the Bollinger Band as the three-and-a-half year low of 124.00 acted […]

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From Panic To Rebuilding? https://www.actionforex.com/contributors/fundamental-analysis/284657-from-panic-to-rebuilding/ https://www.actionforex.com/contributors/fundamental-analysis/284657-from-panic-to-rebuilding/#respond Thu, 02 Apr 2020 08:22:47 +0000 https://www.actionforex.com/?p=284657 US indices ended Wednesday with a 4.4% loss on S&P500 and Dow Jones. Trump’s warning of horrors to come caused pressure on the markets and became an unexpected pressure factor for the market. Asian indices also started trading on Thursday with a decline. However, they turned to growth amid signs of stabilization of new cases […]

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AUD/JPY Bearish Continuation Or Bullish Bounce https://www.actionforex.com/contributors/technical-analysis/284654-aud-jpy-bearish-continuation-or-bullish-bounce/ https://www.actionforex.com/contributors/technical-analysis/284654-aud-jpy-bearish-continuation-or-bullish-bounce/#respond Thu, 02 Apr 2020 08:08:22 +0000 https://www.actionforex.com/?p=284654 AUD/JPY is overall bearish. The price must remain below 66.00 in order for bears to stay in control. 65.50-60 is the POC zone where the price might reject lower. The first target will be 65.22, and the break below should target 64.60, 64.36 and 63.90. We can see a lot of historical sellers within the […]

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XAU/USD Breaks Down Below Support https://www.actionforex.com/contributors/technical-analysis/284651-xau-usd-breaks-down-below-support/ https://www.actionforex.com/contributors/technical-analysis/284651-xau-usd-breaks-down-below-support/#respond Thu, 02 Apr 2020 08:02:40 +0000 https://www.actionforex.com/?p=284651 Gold prices broke down below the support level of 1591. This comes as price broke to the downside following the ascending wedge pattern. At the time of writing, prices are retesting the 1591 level once again. If resistance forms here, then we expect a move to the downside. The lower support at 1534 level will […]

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