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Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. A connecting bullish trend line is forming with support at $76.15 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1020 resistance. Bitcoin seems to be facing hurdles near the $61,500 level. Crude Oil Price Technical Analysis Crude oil prices recovered above the […]

The post Crude Oil Prices Vulnerable: Is a Fresh Decline on the Horizon? appeared first on Action Forex.

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08/12/2023

Yen Pushes Higher, GDP Softer than Expected

Japan’s Q3 GDP revised lower to -2.9% Japanese yen gains ground but can’t consolidate US nonfarm payrolls expected to rise to 180,000 The Japanese yen continues to show strong swings. In the European session, USD/JPY is trading at 143.94, down 0.16%. Earlier, the yen gained as much as 1.1% but couldn’t consolidate and surrendered almost […]
19/09/2024

AUDUSD Posts New 9-Month High

AUDUSD rally continues after bounce off 200-day SMA Technical oscillators are mixed AUDUSD has printed a fresh nine-month high of 0.6838 earlier today, creating the fourth consecutive green candle. The pair found significant support at the 200-day simple moving average (SMA) at 0.6620, continuing the medium-term bullish structure. The technical oscillators are showing some contradicting […]
27/06/2024

Aussie Calm as Inflation Expectations Jump

The Australian dollar has posted small gains on Thursday. AUD/USD is trading at 0.6654 in the European session, up 0.10% on the day. Australian inflation expectations rises to 4.4% This week’s inflation indicators have risen more than expected, an indication that inflation remains sticky and that the road to the Reserve Bank of Australia’s inflation […]