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GBPCAD stabilizes near 3-year high, at the top of a bullish channel Technical signals flag weaker sessions ahead; bears eye 1.7700 level GBPCAD is in the fifth week of gains, having exponentially risen to 1.7849 last week– the highest level reached since March 2021. The pair has been on the sidelines this week, retaining marginal […]

The post Has Rally in GBPCAD Peaked? appeared first on Action Forex.

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WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel

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14/03/2024

Crude Oil Prices Rise as Ukraine Hits Russian Refineries

Direction was mixed yesterday, as Tuesday’s hotter-than-expected US CPI print gave cold feet to investors regarding the Federal Reserve’s (Fed) ability to cut interest rates as soon as in June. The S&P 500 and Nasdaq consolidated near record, energy stocks helped tempering losses in the S&P500 as technology stocks traded down. The dollar index rebounded […]
12/12/2023

Nikkei Strong Reaction Higher From The Equal Legs Area

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Nikkei. We presented to members at the elliottwave-forecast. In which, the rally from 04 October 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we […]
17/07/2024

Market Analysis: AUD/USD and NZD/USD Poised For Fresh Gains

AUD/USD is attempting a fresh increase from the 0.6715 support. NZD/USD is also rising and could target the 0.6090 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support at 0.6715 and recovered higher against the US Dollar. There is a major bearish trend line forming with resistance at 0.6740 on […]