Logo-color Logo-white

GBP/USD failed to climb above 1.2860 and trimmed all gains. EUR/GBP is declining and trading below the 0.8410 support level. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below 1.2800. There is a key bearish trend line forming with resistance near 1.2765 on the hourly chart of GBP/USD […]

The post Market Analysis: GBP/USD and EUR/GBP Poised For More Losses appeared first on Action Forex.

previous

NZD/USD Exchange Rate Falls from Nearly 5-Month High

next

Bank of England Preview – Laying the Groundwork for an August Cut

Read More

21/03/2024

Interesting Divide Between Markets’ and Our Interpretation on Fed

Markets Let’s dive right into yesterday’s Fed meeting. There’s an interesting divide between markets’ and our interpretation. For the former it was nothing but an outright dovish, cuts-are-coming-soon tribute. The three major US stock indices simultaneously closed at record highs. US yields turned south, slipping more than 8 bps at the front. The dollar tanked. […]
12/03/2024

US 100 Stock Index at Risk of Double Top

US 100 stock index forms bearish structure The market could balance selling forces above 17,800 The US 100 stock index (cash) seems to have formed a bearish double top pattern within a rising channel and around the peak area of 18,338. The bears will have to successfully complete that negative pattern below the 17,800-17,914 neckline to visit the 50-day […]
15/02/2024

Bitcoin Price Extend Rally, Ethereum and Altcoins Follow

Key Highlights Bitcoin price extended its rally above $50,000 and $51,000. BTC is trading above a key bullish trend line with support at $49,650 on the 4-hour chart. Ethereum also rallied above the $2,650 and $2,700 resistance levels. XRP and SOL are also showing signs of bullish bias. Bitcoin Price Technical Analysis Bitcoin price corrected […]