Logo-color Logo-white

Following a week-long, 300-pip drop on AUDNZD last week, this week has opened up with some renewed bullish vigor with a 150-pip correction. While this looks incredible in favor of the Australian Dollar, there yet remains some mystery as to the exact direction the momentum will follow. Here’s my outlook as touching the price action […]

The post AUD Set to Regain Momentum appeared first on Action Forex.

previous

Canada’s Trade Position Swings to a Surplus in June

next

Market Analysis: GBP/USD Dives While EUR/GBP Gains Strength

Read More

07/06/2024

Market Awaits NFP Data: Euro/Dollar Consolidates

At the end of the week, the US dollar is hovering around an eight-week low against the euro, but trading activity remains subdued. Everyone is conserving energy ahead of this evening’s May employment data from the US. These reports are expected to provide more insight into the timing of the Federal Reserve’s monetary policy easing. […]
13/12/2023

Gold Eases from Record Highs in 2023

Gold jumped to new highs last week Overall trend remains positive But RSI and stochastic suggest bearish correction Gold prices climbed to a high of 2,144.60 last week before falling. The price has been clearly on an uptrend since October 2022, and the long-term structure of rising highs and rising lows is still in place. […]
04/06/2024

Ethereum’s Bull Pennant Needs Confirmation

Market picture The cryptocurrency market loses just over 0.5% in 24 hours, to $2.56 trillion. The moderate pressure is due to another failed attempt by Bitcoin to consolidate above $70K, which is now retreating 0.2%. Ethereum has pulled back 1.8% in the same time frame, while the top coins are moving without a single trend, […]