Logo-color Logo-white

Despite a stronger US Dollar yesterday, gold’s upward trend continued, bolstered by the rate cut narrative. The technical outlook for gold indicates further upside potential, with prices possibly reaching between 2440 and 2450 during the US session. The longer-term outlook is supportive of gold prices as geopolitics, ETF flows and Central Bank Buying remain in […]

The post Gold (XAU/USD) Remains Strong Above $2400/oz as Fed Hints at Upcoming Rate Cuts appeared first on Action Forex.

previous

EUR/GBP : 200DMA So Far Holds Pullback from New Multi-Week High

next

Canada’s Job Market Softens Further in July

Read More

27/08/2024

EUR/USD Rally Seems Unstoppable, Can It Continue?

Key Highlights EUR/USD rallied above the 1.1050 and 1.1120 resistance levels. A major bullish trend line is forming with support at 1.1120 on the 4-hour chart. Oil prices started a steady increase above the $76.00 resistance. GBP/USD surpassed the 1.3050 and 1.3080 resistance levels. EUR/USD Technical Analysis The Euro remained strong and climbed above the […]
22/05/2024

New Zealand Dollar Shows Steady Rise

The NZD/USD pair is preparing for a mid-week rally, approaching the 0.6116 level. These current values mark the highest point for the Kiwi in two months, following the Reserve Bank of New Zealand’s decision to maintain its monetary policy structure unchanged during the May meeting. The interest rate remains at 5.5% per annum, as anticipated. […]
28/12/2023

USDCHF Wave Analysis

USDCHF broke key support level 0.8570 Likely to fall to support level 0.8400 USDCHF under the bearish pressure after the pair broke the key support level 0.8570 (former multi month low from July). The breakout of the support level 0.8570 accelerated both of the active impulse waves 3 and (3). Given the clear daily downtrend […]