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AUDCAD prints higher highs and higher lows RSI and MACD detect positive momentum Break above 0.9260 could signal trend continuation Dip below 0.9125 may allow a decent correction AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of July 9 and the inside swing high of June 12.  Overall, the […]

The post Is AUDCAD Ready to Extend Its Uptrend? appeared first on Action Forex.

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EUR/USD – Slightly Lower as ECB Holds Interest Rates

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19/08/2024

Could Eurozone PMI Surveys Cement September ECB Rate Cut?

Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB members are probably enjoying their hard-earned holiday break, the […]
28/03/2024

EUR/USD: Bears Probe Through Key Support Zone

The Euro holds in red for the third consecutive day and accelerates lower in early Thursday, cracking pivotal supports at 1.0800/1.0790 zone (former higher base / Fibo 61.8% of 1.0695/1.0981 / base of thick daily Ichimoku cloud). Technical picture is firmly bearish on daily chart (rising negative momentum / Tenkan / Kijun-sen bear-cross) and maintains […]
04/01/2024

XAU/USD: Gold Regains Traction But More Evidence Needed to Signal Reversal

Gold price edged higher on Thursday morning, after a four-day pullback from $2088 (Dec 28 high) found a footstep at $2030 (50% retracement of $1973/$2088 upleg). This points to initial signal of a healthy correction of larger uptrend, as technical studies on daily chart remain in predominantly bullish configuration and the metal continues to benefit […]