People trade in a daily basis. Some trade their services for money, while others trade products like food, toys and other things for money. People trade to earn money to properly live their everyday lives.
This is why people work, why people put up businesses and why people trade in the financial market. Today, itís all about money in order for you to give yourself and your family a comfortable life.
If you are considering making money aside from your day job or starting a career, you can do so by trading in Forex. Surprisingly, most people donít understand how Forex works but are still interested to trade in this financial market. Besides, people would really want to trade in the largest, the most liquid financial market in the world.
Forex operates 24 hours a day and 7 days a week with no centralized location unlike other financial markets. It involves all the currency in the world and trillions of dollars are being exchanged everyday in this market, thus, making it the worlds largest and the most liquid financial market in the world.
The Forex market promises traders a promising way to earn money. However, Forex also has its risk and it is a fact that people lose money trading in this market. But, there are also people who became millionaires in the Forex market almost overnight. Education is the key to start trading in the Forex market. Without the proper knowledge in Forex trading, chances are you will end up losing money.
First of all, before you trade in Forex, this market is the buying and selling of currencies. In simpler terms, you, as a Forex trader, will be purchasing one kind of currency against another kind of currency. This gave Forex a trend to trade in pairs.
If you traveled to another country, chances are, you traded your currency against the local countryís currency to enable you to buy things from that country. If you did this, you have a good idea on how Forex works.
If you want to trade in this ever liquid market, you have to get the best education possible in trading currencies. A good education will enable you to trade in Forex more effectively and increase your chances of earning a considerable amount of money. It is even known that lots of people have quit their day job to concentrate in Forex trading.
Getting a good education about Forex trading will also let you increase your chances of profiting and decrease the risks involved. In getting the proper education in Forex trading, you will also learn how to read Forex charts. Forex charts are one of the most important things you should learn in order to successfully trade in the Forex market. Without this knowledge, you are doomed to fail in this very liquid market.
Expert Forex traders said that the best way to learn Forex is by actually trading in the Forex market. For this, website developers and software developers have developed a program that you can use to practice trading Forex. There are websites available that will enable you to open a dummy Forex account where you can trade in a simulated Forex market using no money at all. With this kind of software, you can really learn the way Forex works. It is also a great program to get the feel of the Forex market and you can even consider it as a stepping stone to start trading in a real account.
Thanks to the internet and the advancement in technology, everyone can trade in this financial market. Unlike in the past, only the multi-national companies and financial institutions, such as banks are allowed to participate in the Forex market.
Trading Forex is relatively easy to start. All you need is a computer with an active internet connection (high speed internet), a funded Forex account, and a trading system.
Always remember beside the fact that Forex can give you the potential to earn a lot of money, the risks involved is also equally great. So, you should first read books about Forex trading that is readily available in the internet for purchase or for download. You have to learn about the major currencies traded in the market, about leverage, and also about minimizing the risks in trading.
string(42246) "Action Insight – Action Forex
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 DollarThu, 02 Apr 2020 05:05:52 +0000en-US
1 https://wordpress.org/?v=5.3.2Dollar 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/#respondThu, 02 Apr 2020 05:05:52 +0000https://www.actionforex.com/?p=284498US 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/284498-dollar-and-yen-rally-still-lack-conviction-range-trading-continues/feed/0US 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/#respondThu, 02 Apr 2020 04:32:02 +0000https://www.actionforex.com/?p=284480The 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 […]
]]>https://www.actionforex.com/action-insight/oil-n-gold/284480-us-oil-inventory-rose-sharply-as-demand-plunged-on-crisis/feed/0Dollar 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/#respondWed, 01 Apr 2020 12:42:56 +0000https://www.actionforex.com/?p=284423Dollar 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/284423-dollar-and-yen-back-in-driving-seat-as-risk-aversion-is-coming-back/feed/0Markets 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/#respondWed, 01 Apr 2020 04:36:51 +0000https://www.actionforex.com/?p=284180Markets 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/284180-markets-remain-in-quiet-mood-dollar-rebound-lost-momentum/feed/0Dollar 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/#respondTue, 31 Mar 2020 13:10:40 +0000https://www.actionforex.com/?p=284097Markets 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/284097-dollar-showing-signs-of-rebound-while-other-markets-consolidate/feed/0Chinese 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/#respondTue, 31 Mar 2020 05:31:51 +0000https://www.actionforex.com/?p=283845China‚Äôs 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 […]
]]>https://www.actionforex.com/action-insight/china-watch/283845-chinese-government-expected-to-accelerate-stimulus-despite-sharp-rebound-in-pmis/feed/0Chinese 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/#respondTue, 31 Mar 2020 05:03:29 +0000https://www.actionforex.com/?p=283838Markets 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/283838-chinese-data-fail-to-lift-sentiments-markets-locked-down-in-range/feed/0Dollar 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/#respondMon, 30 Mar 2020 12:35:19 +0000https://www.actionforex.com/?p=283744Global 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/283744-dollar-recovers-as-risk-sentiments-turn-soft-still-early-to-call-bottom/feed/0Asian 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/#respondMon, 30 Mar 2020 03:19:12 +0000https://www.actionforex.com/?p=283460Asian 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/283460-asian-markets-lower-as-us-gives-up-easter-coronavirus-target-yen-firmer/feed/0CFTC 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/#respondSat, 28 Mar 2020 14:11:04 +0000https://www.actionforex.com/?p=283404The 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 […]
]]>https://www.actionforex.com/action-insight/special-topics/283404-cftc-commitments-of-traders-us-dollar-remained-firm-again-major-currencies/feed/0CFTC 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/#respondSat, 28 Mar 2020 11:28:43 +0000https://www.actionforex.com/?p=283362Bets 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 […]
]]>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/feed/0As 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/#respondSat, 28 Mar 2020 08:05:40 +0000https://www.actionforex.com/?p=283346While 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/283346-as-recovery-in-stocks-lose-momentum-could-dollar-strike-back/feed/0Markets 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/#respondFri, 27 Mar 2020 13:26:45 +0000https://www.actionforex.com/?p=283237European 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/283237-markets-in-profit-taking-retreat-yen-and-dollar-recovering-grounds/feed/0Global 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/#respondFri, 27 Mar 2020 08:59:07 +0000https://www.actionforex.com/?p=283034As 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 […]
]]>https://www.actionforex.com/action-insight/central-bank-analysis/283034-global-central-banks-rushed-to-stimulus-amidst-limited-monetary-policy-tools/feed/0US Coronavirus Infections and Stocks Surge, Dollar Weakens
https://www.actionforex.com/action-insight/market-overview/283000-us-coronavirus-infections-and-stocks-surge-dollar-weakens/#respondFri, 27 Mar 2020 07:26:51 +0000https://www.actionforex.com/?p=283000Dollar 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/283000-us-coronavirus-infections-and-stocks-surge-dollar-weakens/feed/0Dollar 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/#respondThu, 26 Mar 2020 13:06:38 +0000https://www.actionforex.com/?p=282929Dollar 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/282929-dollar-stays-soft-after-shocking-jobless-claims-boe-stands-pat/feed/0Risk 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/#respondThu, 26 Mar 2020 07:03:39 +0000https://www.actionforex.com/?p=282737Asian 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/282737-risk-rebound-fades-as-focus-turns-to-jobless-claims-and-boe/feed/0Markets 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/#respondWed, 25 Mar 2020 13:15:57 +0000https://www.actionforex.com/?p=282609The 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/282609-markets-turned-mixed-after-stimulus-rally-dollar-staying-in-consolidations/feed/0Sentiments 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/#respondWed, 25 Mar 2020 06:18:57 +0000https://www.actionforex.com/?p=282367Asian 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 […]
]]>https://www.actionforex.com/action-insight/market-overview/282367-sentiments-boosted-by-us-stimulus-deal-dollar-yen-and-swiss-soften/feed/0Markets Shrug Disastrous PMIs, Continue to Digest Recent Moves
https://www.actionforex.com/action-insight/market-overview/282274-markets-shrug-disastrous-pmis-continue-to-digest-recent-moves/#respondTue, 24 Mar 2020 12:52:19 +0000https://www.actionforex.com/?p=282274PMI data released together generally showed a disastrous picture in the service sectors around the world, due to coronavirus pandemic and the measures to contain it. Nevertheless, these data are generally shrugged off as they’re generally expected. Reactions would likely be muted too even if the data come in worse. Instead, global stocks are generally […]
string(28654) "Technical Outlook – Action Forex
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 DollarThu, 02 Apr 2020 07:05:59 +0000en-US
1 https://wordpress.org/?v=5.3.2GBP/JPY Daily Outlook
https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284572-gbp-jpy-daily-outlook-829/#respondThu, 02 Apr 2020 07:05:59 +0000https://www.actionforex.com/?p=284572Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284572-gbp-jpy-daily-outlook-829/feed/0EUR/JPY Daily Outlook
https://www.actionforex.com/technical-outlook/eurjpy-outlook/284563-eur-jpy-daily-outlook-827/#respondThu, 02 Apr 2020 07:03:48 +0000https://www.actionforex.com/?p=284563Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/eurjpy-outlook/284563-eur-jpy-daily-outlook-827/feed/0EUR/GBP Daily Outlook
https://www.actionforex.com/technical-outlook/eurgbp-outlook/284541-eur-gbp-daily-outlook-829/#respondThu, 02 Apr 2020 06:42:49 +0000https://www.actionforex.com/?p=284541Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/eurgbp-outlook/284541-eur-gbp-daily-outlook-829/feed/0EUR/AUD Daily Outlook
https://www.actionforex.com/technical-outlook/euraud-outlook/284537-eur-aud-daily-outlook-823/#respondThu, 02 Apr 2020 06:40:10 +0000https://www.actionforex.com/?p=284537Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/euraud-outlook/284537-eur-aud-daily-outlook-823/feed/0EUR/CHF Daily Outlook
https://www.actionforex.com/technical-outlook/eurchf-outlook/284533-eur-chf-daily-outlook-829/#respondThu, 02 Apr 2020 06:36:59 +0000https://www.actionforex.com/?p=284533Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/eurchf-outlook/284533-eur-chf-daily-outlook-829/feed/0EUR/USD Daily Outlook
https://www.actionforex.com/technical-outlook/eurusd-outlook/284529-eur-usd-daily-outlook-831/#respondThu, 02 Apr 2020 05:36:56 +0000https://www.actionforex.com/?p=284529Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/eurusd-outlook/284529-eur-usd-daily-outlook-831/feed/0GBP/USD Daily Outlook
https://www.actionforex.com/technical-outlook/gbpusd-outlook/284525-gbp-usd-daily-outlook-836/#respondThu, 02 Apr 2020 05:34:14 +0000https://www.actionforex.com/?p=284525Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/gbpusd-outlook/284525-gbp-usd-daily-outlook-836/feed/0USD/CHF Daily Outlook
https://www.actionforex.com/technical-outlook/usdchf-outlook/284521-usd-chf-daily-outlook-830/#respondThu, 02 Apr 2020 05:32:12 +0000https://www.actionforex.com/?p=284521Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/usdchf-outlook/284521-usd-chf-daily-outlook-830/feed/0USD/JPY Daily Outlook
https://www.actionforex.com/technical-outlook/usdjpy-outlook/284517-usd-jpy-daily-outlook-831/#respondThu, 02 Apr 2020 05:29:50 +0000https://www.actionforex.com/?p=284517Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/usdjpy-outlook/284517-usd-jpy-daily-outlook-831/feed/0AUD/USD Daily Report
https://www.actionforex.com/technical-outlook/audusd-outlook/284513-aud-usd-daily-report-102/#respondThu, 02 Apr 2020 05:27:20 +0000https://www.actionforex.com/?p=284513Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/audusd-outlook/284513-aud-usd-daily-report-102/feed/0USD/CAD Daily Outlook
https://www.actionforex.com/technical-outlook/usdcad-outlook/284511-usd-cad-daily-outlook-827/#respondThu, 02 Apr 2020 05:06:35 +0000https://www.actionforex.com/?p=284511Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/usdcad-outlook/284511-usd-cad-daily-outlook-827/feed/0USD/JPY Mid-Day Outlook
https://www.actionforex.com/technical-outlook/usdjpy-outlook/284439-usd-jpy-mid-day-outlook-805/#respondWed, 01 Apr 2020 13:07:19 +0000https://www.actionforex.com/?p=284439Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/usdjpy-outlook/284439-usd-jpy-mid-day-outlook-805/feed/0USD/CHF Mid-Day Outlook
https://www.actionforex.com/technical-outlook/usdchf-outlook/284435-usd-chf-mid-day-outlook-804/#respondWed, 01 Apr 2020 13:05:34 +0000https://www.actionforex.com/?p=284435Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/usdchf-outlook/284435-usd-chf-mid-day-outlook-804/feed/0GBP/USD Mid-Day Outlook
https://www.actionforex.com/technical-outlook/gbpusd-outlook/284431-gbp-usd-mid-day-outlook-801/#respondWed, 01 Apr 2020 13:03:16 +0000https://www.actionforex.com/?p=284431Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/gbpusd-outlook/284431-gbp-usd-mid-day-outlook-801/feed/0EUR/USD Mid-Day Outlook
https://www.actionforex.com/technical-outlook/eurusd-outlook/284427-eur-usd-mid-day-outlook-808/#respondWed, 01 Apr 2020 12:43:31 +0000https://www.actionforex.com/?p=284427Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/eurusd-outlook/284427-eur-usd-mid-day-outlook-808/feed/0GBP/JPY Daily Outlook
https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284277-gbp-jpy-daily-outlook-828/#respondWed, 01 Apr 2020 06:52:20 +0000https://www.actionforex.com/?p=284277Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/gbpjpy-outlook/284277-gbp-jpy-daily-outlook-828/feed/0EUR/JPY Daily Outlook
https://www.actionforex.com/technical-outlook/eurjpy-outlook/284273-eur-jpy-daily-outlook-826/#respondWed, 01 Apr 2020 06:49:12 +0000https://www.actionforex.com/?p=284273Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/eurjpy-outlook/284273-eur-jpy-daily-outlook-826/feed/0EUR/GBP Daily Outlook
https://www.actionforex.com/technical-outlook/eurgbp-outlook/284268-eur-gbp-daily-outlook-828/#respondWed, 01 Apr 2020 06:46:15 +0000https://www.actionforex.com/?p=284268Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/eurgbp-outlook/284268-eur-gbp-daily-outlook-828/feed/0EUR/AUD Daily Outlook
https://www.actionforex.com/technical-outlook/euraud-outlook/284257-eur-aud-daily-outlook-822/#respondWed, 01 Apr 2020 06:43:19 +0000https://www.actionforex.com/?p=284257Daily 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 […]
]]>https://www.actionforex.com/technical-outlook/euraud-outlook/284257-eur-aud-daily-outlook-822/feed/0EUR/CHF Daily Outlook
https://www.actionforex.com/technical-outlook/eurchf-outlook/284245-eur-chf-daily-outlook-828/#respondWed, 01 Apr 2020 06:41:12 +0000https://www.actionforex.com/?p=284245Daily 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 […]
string(30528) "Contributors – Action Forex
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 DollarThu, 02 Apr 2020 08:30:47 +0000en-US
1 https://wordpress.org/?v=5.3.2Stock 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/#respondThu, 02 Apr 2020 08:30:47 +0000https://www.actionforex.com/?p=284665Virus 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 […]
]]>https://www.actionforex.com/contributors/fundamental-analysis/284665-stock-sell-off-eases-dollar-pulls-back-as-markets-calm-slightly/feed/0Gold 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/#respondThu, 02 Apr 2020 08:25:57 +0000https://www.actionforex.com/?p=284662Gold 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 […]
]]>https://www.actionforex.com/contributors/technical-analysis/284662-gold-bulls-to-stay-in-charge-until-trendline-breaks/feed/0GBPJPY 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/#respondThu, 02 Apr 2020 08:24:56 +0000https://www.actionforex.com/?p=284659GBPJPY 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 […]
]]>https://www.actionforex.com/contributors/technical-analysis/284659-gbpjpy-looks-for-some-recovery-after-strong-drop-off/feed/0From Panic To Rebuilding?
https://www.actionforex.com/contributors/fundamental-analysis/284657-from-panic-to-rebuilding/#respondThu, 02 Apr 2020 08:22:47 +0000https://www.actionforex.com/?p=284657US 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 […]
]]>https://www.actionforex.com/contributors/fundamental-analysis/284657-from-panic-to-rebuilding/feed/0AUD/JPY Bearish Continuation Or Bullish Bounce
https://www.actionforex.com/contributors/technical-analysis/284654-aud-jpy-bearish-continuation-or-bullish-bounce/#respondThu, 02 Apr 2020 08:08:22 +0000https://www.actionforex.com/?p=284654AUD/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 […]
]]>https://www.actionforex.com/contributors/technical-analysis/284654-aud-jpy-bearish-continuation-or-bullish-bounce/feed/0XAU/USD Breaks Down Below Support
https://www.actionforex.com/contributors/technical-analysis/284651-xau-usd-breaks-down-below-support/#respondThu, 02 Apr 2020 08:02:40 +0000https://www.actionforex.com/?p=284651Gold 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 […]
]]>https://www.actionforex.com/contributors/technical-analysis/284651-xau-usd-breaks-down-below-support/feed/0WTI Crude Oil Hovers Below 22.00
https://www.actionforex.com/contributors/technical-analysis/284648-wti-crude-oil-hovers-below-22-00/#respondThu, 02 Apr 2020 08:01:48 +0000https://www.actionforex.com/?p=284648Oil prices are trading slightly higher with prices rising modestly, by 1.50% intraday. However, prices remain strongly below the 22.00 handle meaning that there is still a downside risk. For the moment, price action is caught in the range of 22.00 and 19.25. A breakout from these levels could be expected. The Stochastics oscillator points […]
]]>https://www.actionforex.com/contributors/technical-analysis/284648-wti-crude-oil-hovers-below-22-00/feed/0GBP/USD Consolidating After A Rally
https://www.actionforex.com/contributors/technical-analysis/284645-gbp-usd-consolidating-after-a-rally/#respondThu, 02 Apr 2020 07:58:00 +0000https://www.actionforex.com/?p=284645The British pound has been trading flat since late March. Prices are caught within the range of 1.2485 and 1.2277. A breakout from this channel is likely to occur in the near term. Given the upside bias prior to this range, we expect a breakout above this level for the gains to continue. The price […]
]]>https://www.actionforex.com/contributors/technical-analysis/284645-gbp-usd-consolidating-after-a-rally/feed/0Euro Drops As Resistance Holds
https://www.actionforex.com/contributors/technical-analysis/284642-euro-drops-as-resistance-holds/#respondThu, 02 Apr 2020 07:57:22 +0000https://www.actionforex.com/?p=284642The euro currency continues to decline after failing at the resistance level of 1.1055. Even further declines could come in the near term. The downside target is at 1.0787 where support will most likely form. However, we could expect EURUSD to attempt a rebound. Price action could continue higher on a rebound above 1.1055 for […]
]]>https://www.actionforex.com/contributors/technical-analysis/284642-euro-drops-as-resistance-holds/feed/0Market Turmoil Resumes As Virus Fears Deepen
https://www.actionforex.com/contributors/fundamental-analysis/284640-market-turmoil-resumes-as-virus-fears-deepen/#respondThu, 02 Apr 2020 07:56:08 +0000https://www.actionforex.com/?p=284640Investors have suffered a tough start to the second quarter due to the coronavirus pandemic. After climbing 17.9% from its low in the past seven trading days, the SP 500 kicked off the new quarter with a 4.4% decline. It seems most of the global fiscal and monetary stimulus measures have been priced in and […]
]]>https://www.actionforex.com/contributors/fundamental-analysis/284640-market-turmoil-resumes-as-virus-fears-deepen/feed/0Crude Oil Bullish Bias Above 20.55
https://www.actionforex.com/contributors/technical-analysis/284637-crude-oil-bullish-bias-above-20-55/#respondThu, 02 Apr 2020 07:54:23 +0000https://www.actionforex.com/?p=284637Pivot (invalidation): 20.55 Our preference Long positions above 20.55 with targets at 21.55 & 21.90 in extension. Alternative scenario Below 20.55 look for further downside with 19.90 & 19.25 as targets. Comment The RSI is mixed to bullish.
]]>https://www.actionforex.com/contributors/technical-analysis/284637-crude-oil-bullish-bias-above-20-55/feed/0Silver Spot Choppy
https://www.actionforex.com/contributors/technical-analysis/284634-silver-spot-choppy-5/#respondThu, 02 Apr 2020 07:53:37 +0000https://www.actionforex.com/?p=284634Pivot (invalidation): 14.1000 Our preference Short positions below 14.1000 with targets at 13.7900 & 13.6100 in extension. Alternative scenario Above 14.1000 look for further upside with 14.2500 & 14.3900 as targets. Comment As Long as 14.1000 is resistance, look for choppy price action with a bearish bias.
]]>https://www.actionforex.com/contributors/technical-analysis/284634-silver-spot-choppy-5/feed/0Gold Spot Consolidation In Place
https://www.actionforex.com/contributors/technical-analysis/284631-gold-spot-consolidation-in-place-11/#respondThu, 02 Apr 2020 07:52:46 +0000https://www.actionforex.com/?p=284631Pivot (invalidation): 1596.00 Our preference Short positions below 1596.00 with targets at 1576.00 & 1567.00 in extension. Alternative scenario Above 1596.00 look for further upside with 1602.00 & 1613.00 as targets. Comment The RSI lacks upward momentum.
]]>https://www.actionforex.com/contributors/technical-analysis/284631-gold-spot-consolidation-in-place-11/feed/0S&P 500 The Downside Prevails
https://www.actionforex.com/contributors/technical-analysis/284628-sp-500-the-downside-prevails-30/#respondThu, 02 Apr 2020 07:50:47 +0000https://www.actionforex.com/?p=284628Pivot (invalidation): 2520.00 Our preference Short positions below 2520.00 with targets at 2430.00 & 2360.00 in extension. Alternative scenario Above 2520.00 look for further upside with 2570.00 & 2640.00 as targets. Comment The RSI is bearish and calls for further downside.
]]>https://www.actionforex.com/contributors/technical-analysis/284628-sp-500-the-downside-prevails-30/feed/0DAX Key Resistance At 9950.00
https://www.actionforex.com/contributors/technical-analysis/284625-dax-key-resistance-at-9950-00/#respondThu, 02 Apr 2020 07:50:01 +0000https://www.actionforex.com/?p=284625Pivot (invalidation): 9950.00 Our preference Short positions below 9950.00 with targets at 9453.00 & 9080.00 in extension. Alternative scenario Above 9950.00 look for further upside with 10117.00 & 10300.00 as targets. Comment As Long as the resistance at 9950.00 is not surpassed, the risk of the break below 9453.00 remains high.
]]>https://www.actionforex.com/contributors/technical-analysis/284625-dax-key-resistance-at-9950-00/feed/0USD/TRY Further Upside
https://www.actionforex.com/contributors/technical-analysis/284622-usd-try-further-upside-19/#respondThu, 02 Apr 2020 07:49:15 +0000https://www.actionforex.com/?p=284622Pivot (invalidation): 6.6730 Our preference Long positions above 6.6730 with targets at 6.7300 & 6.7570 in extension. Alternative scenario Below 6.6730 look for further downside with 6.6340 & 6.6000 as targets. Comment The break above 6.6730 is a positive signal that has opened a path to 6.7300.
]]>https://www.actionforex.com/contributors/technical-analysis/284622-usd-try-further-upside-19/feed/0AUD/USD Under Pressure
https://www.actionforex.com/contributors/technical-analysis/284619-aud-usd-under-pressure-44/#respondThu, 02 Apr 2020 07:43:13 +0000https://www.actionforex.com/?p=284619Pivot (invalidation): 0.6095 Our preference Short positions below 0.6095 with targets at 0.6045 & 0.6020 in extension. Alternative scenario Above 0.6095 look for further upside with 0.6115 & 0.6135 as targets. Comment As Long as the resistance at 0.6095 is not surpassed, the risk of the break below 0.6045 remains high.
]]>https://www.actionforex.com/contributors/technical-analysis/284619-aud-usd-under-pressure-44/feed/0USD/CAD Key Resistance At 1.4210
https://www.actionforex.com/contributors/technical-analysis/284616-usd-cad-key-resistance-at-1-4210/#respondThu, 02 Apr 2020 07:42:28 +0000https://www.actionforex.com/?p=284616Pivot (invalidation): 1.4210 Our preference Short positions below 1.4210 with targets at 1.4130 & 1.4090 in extension. Alternative scenario Above 1.4210 look for further upside with 1.4270 & 1.4330 as targets. Comment The upward potential is likely to be limited by the resistance at 1.4210.
]]>https://www.actionforex.com/contributors/technical-analysis/284616-usd-cad-key-resistance-at-1-4210/feed/0USD/CHF Further Advance
https://www.actionforex.com/contributors/technical-analysis/284613-usd-chf-further-advance-19/#respondThu, 02 Apr 2020 07:41:42 +0000https://www.actionforex.com/?p=284613Pivot (invalidation): 0.9645 Our preference Long positions above 0.9645 with targets at 0.9715 & 0.9745 in extension. Alternative scenario Below 0.9645 look for further downside with 0.9625 & 0.9600 as targets. Comment The RSI is bullish and calls for further advance.
]]>https://www.actionforex.com/contributors/technical-analysis/284613-usd-chf-further-advance-19/feed/0USD/JPY Continuation Of The Rebound
https://www.actionforex.com/contributors/technical-analysis/284610-usd-jpy-continuation-of-the-rebound-6/#respondThu, 02 Apr 2020 07:40:51 +0000https://www.actionforex.com/?p=284610Pivot (invalidation): 107.00 Our preference Long positions above 107.00 with targets at 107.85 & 108.20 in extension. Alternative scenario Below 107.00 look for further downside with 106.65 & 106.40 as targets. Comment The RSI calls for a new upleg.