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• Technical Analysis • Published Tue, 21 Mar 2023 11:57 GMTOn March 8, GBP/USD updated a multi-month price low, reaching 1.1802. This week, the pair tried to approach the boundaries of the 23rd figure: the high of yesterday was fixed at 1.2283. In two weeks, the pair grew by more than 450 pipsprimarily due to the...
• Technical Analysis • Published Tue, 21 Mar 2023 11:42 GMTUpside momentum on the EUR.... The material has been provided by InstaForex Company - www.instaforex.com...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 11:24 GMTThe euro has put together a 3-day rally and is up again on Tuesday. In the European session, EUR/USD is trading quietly at 1.0756, up 0.30%. Financial markets settle down Lets start with some good news. European stock markets have settled down and are in ...
• Technical Analysis • Published Tue, 21 Mar 2023 11:17 GMTEuro rose this morning despite weaker-than-expected data from the ZEW Institute. This suggests that yesterday's statements of ECB President Christine Lagarde continue to have a positive effect on buyers, who are aiming for a new monthly high. Pound has be...
• Technical Analysis • Published Tue, 21 Mar 2023 11:03 GMTLet's take a look at the technical picture of AUD/USD, USD/CAD, SP500 and Bitcoin. The material has been provided by InstaForex Company - www.instaforex.com...
• Technical Analysis • Published Tue, 21 Mar 2023 10:43 GMTIf someone does not believe that there is a crisis, look at the commodities market. Gold, traditionally considered by investors as a safe-haven asset, is growing by leaps and bounds and flirting with the psychologically important mark of $2,000 per ounce,...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 10:27 GMTThe Euro is holding firm tone on Tuesday morning and extending advance into fourth straight day. Near-term action continues to advance along with rising daily Ichimoku cloud base, as the cloud twists next week (1.0758) and attracts bulls. Bullish daily st...
• Technical Analysis • Published Tue, 21 Mar 2023 10:14 GMTYesterday, the GBP/USD continued to rise on the 1-hour chart after a rebound from the Fibonacci retracement level of 127.2% at 1.2112. Then the price settled firmly above the 1.2238 level. The new ascending trend channel proves that the current market sen...
• Technical Analysis • Published Tue, 21 Mar 2023 10:03 GMTAccording to Willem Middelkoop, chief investment officer and founder of Commodity Discovery Fund, the rise in prices for the precious metal this year to record levels is only a matter of time, and whatever prices are now, in three years, they will be much...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 09:57 GMTMarket picture Bitcoin selling intensifies as it touches the $28K level. The leading cryptocurrency has lost 2.2% over the past 24 hours, but this is a minor pullback after a more than 40% gain since 10 March. This pause will allow Bitcoin to cool down an...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 09:54 GMTHello Traders, in this article we will analyze how XAGUSD (Silver), reacted higher from equal legs area. With the cycle from 02.02.2023 decline in Silver having a clear connector we were able to project the area in which we were expecting a reaction to ta...
• Technical Analysis • Published Tue, 21 Mar 2023 09:45 GMTEUR/USD rose on Monday as statements of ECB President Christine Lagarde indicated that the central bank does not plan on abandoning its aggressive rate hike even amid the current situation in the banking sector.Clearly, the central bank members do not see...
• Technical Analysis • Published Tue, 21 Mar 2023 09:17 GMTBoth euro and pound continue to see gains as expectations of a pause in interest rate hikes by the Fed grows stronger.Late last week, many economists expressed belief that the Fed will raise rates by a quarter of a percentage point in an attempt to reinfo...
• Technical Analysis • Published Tue, 21 Mar 2023 09:07 GMTThe GBP/USD has continued to surge, as the rate has passed above the February high level at 1.2270. However, on Tuesday morning the pair appeared to have started a minor ...
• Technical Analysis • Published Tue, 21 Mar 2023 09:01 GMTOn Monday, the GBP/USD currency pair confidently continued on its upward trend, which no longer exactly fits the definition of a "swing." The pair did surpass both its most recent local maximum and several earlier ones on the 4-hour TF. Naturally, the upw...
• Technical Analysis • Published Tue, 21 Mar 2023 09:00 GMTDetails of the economic calendar on March 20 The economic calendar is traditionally empty on Monday. No important reports were expected in the Eropean Union, the United Kingdom, and the Unites States.In this regard, investors and traders focused on the...
• Technical Analysis • Published Tue, 21 Mar 2023 08:59 GMTOn Tuesday, the EUR/USD had continued the surge, which was started by the European Central Bank's 0.50% rate hike. During the start of this week, the pair reached above 1.0700, ...
• Technical Analysis • Published Tue, 21 Mar 2023 08:49 GMTAs the Credit Suisse saga continued, markets ran to safety. Due to this reason, the price for gold reached above 2,000.00. However, since the event, the price appears to be ...
• Technical Analysis • Published Tue, 21 Mar 2023 08:40 GMTAfter a strong start to the week, Bitcoin slowed down and consolidated near the $28k mark. The cryptocurrency moved to the consolidation stage, which significantly reduced the level of volatility in the market. Despite this, investors expect further growt...
• Technical Analysis • Published Tue, 21 Mar 2023 08:39 GMTThe decline of the USD/JPY eventually found support in the weekly S1 simple pivot point at 130.53 and started a recovery. By the middle of Tuesday's trading, the pair was ...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 08:35 GMTThe JP225 cash index is trying to stay in the green as volatility today...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 08:34 GMTCable is a tad lower in early Europe on Tuesday, as bulls are taking a breather after strong rally in past three days, which hit the highest since Feb 2. Overall picture remains bullish, with easing of fears about crisis in banking sector, cautiously revi...
• Technical Analysis • Published Tue, 21 Mar 2023 08:16 GMTThe GBP/USD has continued to surge, as the rate has passed above the February high level at 1.2270. However, on Tuesday morning the pair appeared to have started a minor ...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 08:06 GMTAUD/USD recoups losses The Australian dollar slid as the RBA minutes showed policymakers may reconsider pausing rate hikes. The selling pressure eased after the pair gained a foothold over 0.6570. A close above last weeks high of 0.6710 reveals interest i...
• Technical Analysis • Published Tue, 21 Mar 2023 08:05 GMTCrypto Industry News:Huang Tian-mu, chairman of Taiwan's Financial Supervision Commission (FSC), revealed that the agency will become the main cryptocurrency regulator in the island nation, according to local media reports.Huang made the announcement duri...
• Technical Analysis • Published Tue, 21 Mar 2023 08:04 GMTCrypto Industry News:Switzerland's largest banking institution, UBS Group, has entered into a merger agreement with its "rival", Credit Suisse. The former will pay USD 3.25 billion to complete the transaction, which is 60% less than the value of Credit Su...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 08:03 GMTGBPUSD is struggling to surpass the 1.2270 resistance level but successfully jumped above the short-term simple moving averages (SMAs), which are hovering in the middle of the medium-term trading range of 1.1800-1.2450. Short-term momentum indicators are ...
• Technical Analysis • Published Tue, 21 Mar 2023 08:03 GMTTechnical Market Outlook: The GBP/USD pair has broken above the last swing high located at the level of 1.2202 ( now this level will act as the technical support for bulls) and made a new swing high at the level of 1.2283. The momentum is strong and posit...
• Technical Analysis • Published Tue, 21 Mar 2023 08:02 GMTTechnical Market Outlook:The EUR/USD pair keeps moving up towards the last swing high located at 1.0760 and the recent local high was made at the level of 1.0731. The market is back above the 100 and 50 MA again and is currently consolidating in a narrow ...
• Technical Analysis • Published Tue, 21 Mar 2023 07:56 GMTTrend analysis (Fig. 1).The pound-dollar pair may move downward from the level of 1.2272 (closing of yesterday's daily candle) to test 1.2199, the 61.8% pullback level (blue dotted line). When testing this level, the price may move upward to 1.2283, the 7...
• Technical Analysis • Published Tue, 21 Mar 2023 07:52 GMTOn Monday, the EUR/USD currency pair was trading higher once more, which makes sense but only takes into account one factor. "Technique" is this factor. The fact is that the euro currency has been showing what is known as "swings" for several weeks now, w...
• Technical Analysis • Published Tue, 21 Mar 2023 07:46 GMTTechnical analysis: BTC/USD has been trading in the sideways range at the price of $27.600 but Isee that support zone is on the test and there is potential for the rejection. Due to the potential rejection of they jey support zone in the upside trend, I...
• Technical Analysis • Published Tue, 21 Mar 2023 07:46 GMTTrend analysis (Fig. 1).The euro-dollar pair may move downward from the level of 1.0719 (closing of yesterday's daily candle) with the target of 1.0678, the 23.6% pullback level (yellow dotted line). After that, an upward movement is possible with the tar...
• Technical Analysis • Published Tue, 21 Mar 2023 07:45 GMTOn Tuesday, the EUR/USD had continued the surge, which was started by the European Central Bank's 0.50% rate hike. During the start of this week, the pair reached above ...
• Technical Analysis • Published Tue, 21 Mar 2023 07:37 GMTTechnical analysis: EUR/USD has been trading in the sideways range at the price of 1.0715 but in the upside trending condiiton, which is a sign for potential upside continuation. Due to the potential breakout of the tight bull flag pattern, I see potent...
• Technical Analysis • Published Tue, 21 Mar 2023 07:28 GMTTechnical analysis: Gold has been trading in the sideways range at the price of $1.975 but in the upside trending condiiton, which is a sign for potential upside continuation. In case of the upside breakout of the resistance cluster at $1.985, there is ...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 07:25 GMTOne of the most important Fed decisions in recent history lies ahead on Wednesday. Markets think the banking episode could prevent the Fed from raising rates and are pricing in rate cuts by the summer. This speculation seems overblown. Banks have already ...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 07:24 GMTMarkets Calm returned after a nervous European opening yesterday. The Swiss government with the UBS-Credit Suisse deal sent a shockwave through the AT1 bond market which spilled over to other market segments too. European regulators in a statement reitera...
• Technical Analysis • Published Tue, 21 Mar 2023 07:23 GMTSo, a completely empty macroeconomic calendar became a perfect background for the euro to restore to the values where it was before the reports about the problems at Credit Suisse. Besides the fact that Europe seemed to have managed to buy the beginning o...
• Technical Analysis • Published Tue, 21 Mar 2023 07:20 GMTIn the previous week, the greenback fell by about 0.7% against its main competitors, including the euro. The US dollar was fluctuating wildly as investors revised their expectations regarding US interest rates. On March 8, following the hawkish statements...
• Technical Analysis • Published Tue, 21 Mar 2023 07:19 GMTA completely empty macroeconomic calendar provided a perfect condition for euro to recover after the decline that occurred due to the crisis given by Credit Suisse. It seems that Europe managed to solve the problem, thanks to the swift bailout of Credit S...
• Technical Analysis • Published Tue, 21 Mar 2023 06:55 GMTThe momentum of the GBP/USD chart is bearish, indicating a possible drop from the 1st resistance level towards the 1st support level. The 1st support level at 1.2194 is a pullback support level that also coincides with a 23.60% Fibonacci retracement, whil...
• Technical Analysis • Published Tue, 21 Mar 2023 06:54 GMTBullish momentum is currently observed on the USD/JPY chart, with the potential for price to rebound from the 1st support level and make its way towards the 1st resistance level. The 1st support level, situated at 130.8200, is a robust overlap support lev...
• Technical Analysis • Published Tue, 21 Mar 2023 06:53 GMTCurrently, the AUD/USD chart reflects bullish momentum, indicated by the break above a descending resistance line and the crossing above the Ichimoku cloud. The potential for continued bullish movement towards the first resistance level is evident. The fi...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 06:51 GMTBank stocks had a volatile session on Monday. UBS lost up to 16% after the Credit Suisse deal but closed the session more than 1% higher. In the US, JP Morgan, Goldman Sachs and Morgan Stanley closed the day with 1 to 2% of gains. The regional US banks al...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 06:49 GMTMarket movers today Today] The post Improving Risk Sentiment appeared first on Action Forex....
• Technical Analysis • Published Tue, 21 Mar 2023 06:33 GMTAnalysis of transactions and tips for trading GBP/USDThe pair tested 1.2190 at a time when the MACD line was just starting to move above zero, which was a good reason to buy. However, the price did not increase much, at least until the second test in the ...
• Technical Analysis • Published Tue, 21 Mar 2023 06:32 GMTAnalysis of transactions and tips for trading EUR/USDWhen the pair tested 1.0636, the MACD line was already far from zero, so the downside potential was limited. Similarly, when the level of 1.0681 was tested in the afternoon, the MACD line was also away ...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 06:23 GMTAsian Indices: Australia] The post EUR/USD Holds Above 1.0700 Ahead of ZEW Sentiment Report appeared first on Action Forex....
• Technical Analysis • Published Tue, 21 Mar 2023 06:20 GMTLet us be fair and say that the decline that followed is in no way what's common, but what could happen and the possibility for FRB collapse remains a clear risk at this stage as we don't see any signs of a possible bottom developing. The material has ...
• Technical Analysis • Published Tue, 21 Mar 2023 06:16 GMTA few nice entry signals were generated yesterday. Let's look at the M5 chart to get a picture of what happened. In my previous review, I focused on the 1.2169 level and considered entering the market there. A buy signal was made after a fall in the price...
• Technical Analysis • Published Tue, 21 Mar 2023 06:02 GMTTechnical outlook:EURUSD has rallied yet again through the 1.0720-30 area intraday on Tuesday. The single currency pair has been drifting within a range between 1.0520-30 and 1.0730-50 for a few trading sessions. The pair is seen to be trading around 1.07...
• Technical Analysis • Published Tue, 21 Mar 2023 05:57 GMTNatural gas has failed to rally above resistance at 8.97 and remains caught in the possible corrective decline in wave ii. We have revised our outlook as the failure to break above resistance at 8.97 does open the door for a possible new low below 7.15. I...
• Technical Analysis • Published Tue, 21 Mar 2023 05:55 GMT5M chart of GBP/USD On Monday, GBP/USD followed the EUR/USD pair. In terms of "technique", such a movement was quite logical, because there is still a flat and "swing" on the higher charts. Therefore, the pair does not need the appropriate factors to e...
• Technical Analysis • Published Tue, 21 Mar 2023 05:51 GMT5M chart of EUR/USD On Monday, EUR/USD showed growth again. There were formal grounds for this. News about the merger of Swiss banks UBS and Credit Suisse, which in fact means the bailout of the latter, and also European Central Bank President Christin...
• Technical Analysis • Published Tue, 21 Mar 2023 05:25 GMTAlthough on its daily chart Litecoin Cryptocurrency currently experiencing a decline and is trying to test and break below the 73.68 level, but if this level acts as a significant support and as long as it doesn't break below the 64.56 level then Litecoin...
• Technical Analysis • Published Tue, 21 Mar 2023 05:25 GMTOn its daily chart of Cardano Cryptocurrency, there is a deviation between price movement with Stochastic Oscillator indicator so that based on the condition in a few days ahead, this cryptocurrency has the potential to appreciated upward to the level of ...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 04:59 GMTThe Minutes emphasise a high degree of uncertainty do not take into account the global banking disruptions and point to a pause in April. The Minutes of the Reserve Bank Board meeting on March 7 highlight that unlike recent meetings when several policy op...
• Technical Analysis • Published Tue, 21 Mar 2023 02:58 GMTYesterday, the euro was up 53 points, having overcome not only the balance indicator line on the daily chart, but it had also gotten through the collapse of the eurozone trade balance for January at -30.6bn against the forecast of -12.5bn and -8.8bn in De...
• Technical Analysis • Published Tue, 21 Mar 2023 02:58 GMTThe British pound gained 96 pips yesterday, reaching and stopping at the MACD daily line. If investors focus on tomorrow's Federal Reserve meeting, at which the rate is expected to increase by 0.25% to 5.00%, the current levels seem to be quite convenient...
• Technical Analysis • Published Tue, 21 Mar 2023 02:58 GMTThe Australian dollar found the resistance level of 0.6730 very strong - yesterday, a doji candle was formed, and in today's Asian session, it is gradually falling. The signal line of the Marlin oscillator, according to our main scenario, turns down from ...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 02:37 GMTKey Highlights GBP/USD started a fresh increase above the 1.2120 resistance. A connecting bullish trend line is forming with support near 1.2180 on the 4-hours chart. Gold price corrected lower after it failed to test the $2,000 mark. EUR/USD jumped above...
• Technical Analysis • Published Tue, 21 Mar 2023 02:25 GMTAt the close on the New York Stock Exchange, the Dow Jones rose 1.20%, the S&P 500 index rose 0.89%, the NASDAQ Composite index rose 0.39%.The US Federal Reserve will meet on Tuesday and Wednesday. More than 70% of analysts polled predict a 25 basis point...
Action Forex • Technical Analysis • Published Tue, 21 Mar 2023 01:20 GMTCrude Oil technical forecast: WTI weekly trade levels Crude price breakout of multi-month consolidation takes price into downtrend support Risk for near-term exhaustion within the broader downtrend WTI resistance 71.47, 75.50s, 83.28 ] The post Crude Oil ...
Action Forex • Fundamental Analysis • Published Tue, 21 Mar 2023 01:18 GMTKey takeaways The Fed faces a finely-balanced decision between raising interest rates 25bps and holding steady amidst banking turmoil. Markets and economists are leaning toward a 25bps rate hike. The Summary of Economic Projections and Chairman Powells pr...
• Technical Analysis • Published Mon, 20 Mar 2023 18:00 GMTThe USD/JPY pair updated its five-week low today (reaching 130.50) but subsequently returned to its former position, the opening price. The US dollar's strength/weakness is what causes the upward/downward dynamics in fact, the pair moves in the same direc...
• Technical Analysis • Published Mon, 20 Mar 2023 17:51 GMTThe price zone around 1.1500 has applied significant SELLING pressure upon the previous ascending movement towards it.Shortly after, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.The mar...
• Technical Analysis • Published Mon, 20 Mar 2023 17:50 GMTIn the intermediate-term, the pair is just above the newly visited price levels around 0.9600 that haven't been visited since 2002.That's why, some bullish recovery was recently demonstrated especially around such an important psychological support.The ne...
• Technical Analysis • Published Mon, 20 Mar 2023 17:49 GMTPreviously, the GBP/USD pair remained under bearish pressure to challenge the significant daily bottom established around 1.1750 which was bypassed shortly after.However, considerable bullish momentum was initiated around 1.0400-1.0600 that could prevent ...
• Technical Analysis • Published Mon, 20 Mar 2023 17:00 GMTThe wave analysis for the pound/dollar pair now appears to be challenging but does not call for any clarifications. The wave patterns for the euro and the pound differ somewhat, but both point to a decrease. Our five-wave upward trend segment has the patt...
• Technical Analysis • Published Mon, 20 Mar 2023 16:43 GMTThe wave analysis on the 4-hour chart for the euro/dollar pair becomes confused as the euro rises. We saw a sharp decrease in quotes last week, which may be seen as the start of wave C. However, the decrease was short-lived, as demand for the euro currenc...
• Technical Analysis • Published Mon, 20 Mar 2023 16:01 GMTYellow line- bullish divergenceBlue lines- Fibonacci retracementsRed lines- bearish channelUSDJPY is trading around 131.60. Short-term trend remains bearish. Price continues making lower lows and lower highs. Price is still inside the downward sloping red...
• Technical Analysis • Published Mon, 20 Mar 2023 15:56 GMTYellow line -neckline resistanceIn a previous analysis we noted the inverted head and shoulders pattern in NZDUSD. Price tried to break above the neckline resistance and activate the inverted head and shoulders pattern. Price got rejected. Price remains b...
• Technical Analysis • Published Mon, 20 Mar 2023 15:52 GMTBitcoin had a productive weekend and hit $28k. This was influenced by a large number of fundamental and internal factors, but the situation may change dramatically in the near term.The main cryptocurrency is building bullish sentiment due to fundamental e...
• Technical Analysis • Published Mon, 20 Mar 2023 15:42 GMTGreen line- support trend lineBlue lines- bearish RSI divergenceBitcoin is trading around $28,000. Short-term trend remains bullish as price continues making higher highs and higher lows. Price continues to trade above the green upward sloping trend line....
• Technical Analysis • Published Mon, 20 Mar 2023 15:36 GMTRed lines- bullish channelGold price is trading around $1,969. After briefly reaching as high as $2,009 Gold price has started to turn around. Price continues making higher highs and higher lows. Price remains inside the upward sloping channel. Trend rema...
• Technical Analysis • Published Mon, 20 Mar 2023 15:32 GMTYellow lines- expanding triangle patternEURUSD is trading around 1.0720. Despite making a new lower low at 1.0517 last week, price has bounced and is now challenging recent highs. Price has formed an expanding triangle pattern. Price has made no real prog...
• Technical Analysis • Published Mon, 20 Mar 2023 15:32 GMTEarly in the American session, the Japanese Yen is trading at 131.11 below the 4/8 Murray and below the 21 SMA (131.79). In the European session, the instrument reached the area of 130.52, its lowest level since February 10th. The pair remains bearish but...
Action Forex • Fundamental Analysis • Published Mon, 20 Mar 2023 15:19 GMTWelcome to another edition of the Currency Pair of the Week. With the Fed and BoE rate decisions to come, along with some key economic data from both the UK and US, the GBP/USD has to be the currency pair of the week. Will the Fed hike interest rates at a...
Action Forex • Technical Analysis • Published Mon, 20 Mar 2023 15:16 GMTWTI oil fell to new lowest level ($64.08) since Nov 2021 on Monday, as sentiment continues to weaken on growing fears that crisis in banking sector could deepen, with potential increase of US interest rates, to lead into recession, which would significant...
• Technical Analysis • Published Mon, 20 Mar 2023 15:04 GMTThe banking crisis could be the black swan that makes a bearish stock market turn around. Ironically, this is usually the case. Investors focus on an event that is initially interpreted as a disaster. Markets react first and then begin to adjust to bad ne...
Action Forex • Fundamental Analysis • Published Mon, 20 Mar 2023 15:02 GMTMarkets Volatility is still the name of the game. Initial optimism following the Credit Suisse UBS deal, brokered by the Swiss government over the weekend, abruptly ended in Asian dealings. US yields reversed a 18 bps move higher to trade more than 20 bp...
Action Forex • Technical Analysis • Published Mon, 20 Mar 2023 13:54 GMTIn just ten days, gold has risen by 11% or around $200. At the start of the day on Monday, the price was approaching $2010. Historically, this is thin-air territory for gold. Despite the threat of a short-term pullback to replenish the bulls positions, th...
Action Forex • Technical Analysis • Published Mon, 20 Mar 2023 13:50 GMTEUR/USD starts a new week of March by consolidating around 1.0670. This week, investors will be anxious. The key event is the meeting of the US Federal Reserve System, where monetary politicians will have to make difficult decisions, specifically the ones...
Action Forex • Technical Analysis • Published Mon, 20 Mar 2023 13:36 GMTThe Swiss National Bank (SNB) will announce its quarterly monetary policy decision on Thursday (08:30 GMT), but the meeting has already been overshadowed by the Credit Suisse saga. The SNB is hoping that the emergency takeover of Credit Suisse by UBS will...
Action Forex • Fundamental Analysis • Published Mon, 20 Mar 2023 13:33 GMTStock markets are falling, oil dropped to prices not seen since 2021 and gold is trending higher. The general symptoms that would be expected as a recession developed. The collapse of three banks in the US, and Credit Suisse not only once again dropping t...
Action Forex • Fundamental Analysis • Published Mon, 20 Mar 2023 13:06 GMTUS futures Dow futures 0.06% at 31870 S] The post Futures Steady after Central Bank Support appeared first on Action Forex....
• Technical Analysis • Published Mon, 20 Mar 2023 12:43 GMTGold prices could rise this week as bullish sentiment grows among retail investors seeking to protect themselves from a major banking crisis like 2008. Nevertheless, Wall Street analysts take a more conservative position in the short term. At this point i...
Action Forex • Fundamental Analysis • Published Mon, 20 Mar 2023 12:20 GMTUSD/CHF is trading quietly on Monday, after a tumultuous week. In the European session, USD/CHF is trading at 0.9276, up 0.15%. Credit Suisse takeover, central banks take action There was a flurry of activity on Sunday in response to the banking crisis wh...
Action Forex • Technical Analysis • Published Mon, 20 Mar 2023 12:18 GMTThe USDJPY stays firmly in red and extends losses in early Monday, after falling 1.3% on Friday. Rising risk aversion after UBS takeover of troubled Credit Suisse bank failed to calm tensions in the market, offered fresh support to safe-haven Japanese yen...
Action Forex • Technical Analysis • Published Mon, 20 Mar 2023 12:14 GMTGold is consolidating under new one-year high ($2009) after bulls cracked psychological $2000 barrier on Monday. The yellow metal surged 3.6% last Friday after worries that the crisis in global banking sector is deepening, sparked strong risk aversion, pr...
• Technical Analysis • Published Mon, 20 Mar 2023 12:05 GMTEUR/CHF is in a long-term bearish trend. But the pair seeks to develop an upward trend in the medium term amid a weakening franc. Despite its generally recognized status as a safe-haven currency, the franc is under pressure amid the ongoing uncertainty in...
Action Forex • Technical Analysis • Published Mon, 20 Mar 2023 11:58 GMTEURNZD reversed from round support level 1.7000 Likely to rise to resistance level 1.7200 EURNZD recently reversed up from the round support level 1.7000 (former resistance from December and January, acting as the support after it was broken in February)....
• Technical Analysis • Published Mon, 20 Mar 2023 11:52 GMTIn my morning forecast, I focused on the level of 1.0660 and suggested deciding to enter the market based on it. Let's take a look at the 5-minute chart and see what happened. Although there was a signal to buy the euro following the collapse and creation...
• Technical Analysis • Published Mon, 20 Mar 2023 11:48 GMTAt the beginning of a new trading week the euro-dollar pair failed to determine the vector of its movement. Although EUR/USD opened with a bullish gap and rose to the border of the 7th figure, the buyers couldn't keep the height: during the European sessi...
• Technical Analysis • Published Mon, 20 Mar 2023 11:48 GMTLet's take a look at the technical picture of EUR/USD, USD/JPY, GBP/USD, Gold and BitcoinThe material has been provided by InstaForex Company - www.instaforex.com...
• Technical Analysis • Published Mon, 20 Mar 2023 11:28 GMTThe GBP/USD currency pair managed to keep moving upward on Friday, but as the pair is still in the side channel on the 24-hour TF, it has no bearing on the pound's prospects. But it's tough to ignore the British pound's 400-point increase over the previou...
• Technical Analysis • Published Mon, 20 Mar 2023 11:16 GMTFutures on US stock indices rose by midday after a big morning sell-off. Government bonds also advanced as investors flocked back to safe-haven assets after assessing the actions of the government to ensure stability in the banking sector.Futures contract...
