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Gold has been rising steadily since the end of last week and is attempting to consolidate above $2470 per troy ounce on the spot market for the third time in the last 30 days. Gold has moved in tandem with equities this month, but it is worth noting that it fell less aggressively during the […]

The post Gold: Third Time Lucky? appeared first on Action Forex.

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USD/JPY On The Brink: A Surge Awaits If Resistance Falls

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11/09/2024

USDJPY Plummets to New 9-month Low

USDJPY confirms the bearish structure Next support at 140.20 Momentum oscillators keep moving negative USDJPY tumbled to a fresh nine-month low of 140.70 earlier today, boosting the bearish structure that started at the beginning of July. If the market ends the day below the 141.60 strong barrier, then the focus will shift to the 140.20 […]
05/12/2023

RBA Gives Itself Time to Assess

As we expected, the RBA Board kept rates on hold following its December meeting. Information received since the previous meeting in early November was considered ‘broadly in line’ with their expectations. The Governor’s decision statement emphasised that inflation continues to moderate, driven by the goods sector. Ahead of its meeting in February 2024, the Board […]
20/02/2024

NZDJPY Wave Analysis

NZDJPY reversed from support level 91.00 Likely to rise to resistance level 93.00 NZDJPY currency pair recently reversed up from the support level 91.00 (former resistance which has been reversing the price from November). The upward reversal from the support level 91.00 started the active short-term impulse wave iii of the higher impulse waves 3 […]