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EUR/USD is climbing higher above the 1.0800 level. USD/JPY surged above the 160.00 and 161.40 resistance levels. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0780 pivot level. There is a key bullish trend line forming with support near 1.0820 on the hourly chart of EUR/USD at […]

The post Market Analysis: EUR/USD Jumps, USD/JPY Bulls Seem Unstoppable appeared first on Action Forex.

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15/03/2024

GBPJPY Ticks Up from Rising Trend Line

GBPJPY recoups some of the losses RSI and MACD still show some weakness GBPJPY is recovering somewhat from the bearish movement that started from 191.30 and is following the direction of the ascending trend line. The market is also developing within the 20- and the 50-day simple moving averages (SMAs) with the technical oscillators showing […]
09/07/2024

GBPUSD Advances Towards 2024 Highs

GBPUSD rebounds from its 50-day SMA The price jumps to its highest since June 12 Momentum indicators are tilted to the upside GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average (SMA) in late June. Moreover, the pair has entered a range that has previously rejected further advances during the past […]
20/04/2024

U.S. Economy’s Outperformance Carried on into the Start of the Year

The first estimate of U.S. Q1 gross domestic product next Thursday is expected to show another robust increase—extending a long stretch of outperformance in the U.S. economy versus advanced economy peers. We expect U.S. output to have grown by an annualized 2.3% from Q4 last year, powered by stronger consumer spending and a tick-up in […]