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Seasonal patterns in the VIX, often referred to as the market’s fear gauge, indicate that volatility during this election year is likely to peak in the coming weeks, so be prepared for moves against established trends. Looking ahead, consumer inflation data from Australia and Germany will be released on Wednesday. Initial estimates of third-quarter GDP […]

The post Key Events for the Week Ahead appeared first on Action Forex.

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EUR/USD Still At Risk of More Downsides Below 1.0750

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10/03/2024

Forex and Cryptocurrencies Forecast

EUR/USD: A Bad Week for the Dollar The past week was dominated by the European Central Bank (ECB)’s meeting on Thursday, 7 March. As anticipated, the pan-European regulator decided to maintain its current monetary policy, leaving the interest rate unchanged at 4.50%. This move reaffirmed its commitment to steering inflation into the desired range. The […]
03/04/2024

USD/JPY Analysis: Calm Before the Storm?

The USD/JPY chart today shows that the rate has stabilized at 152 yen per US dollar. But can we say that there is calm in the market? Hardly. First, it is important to note that in 2023 there was a sharp reversal of trend around the 152.00 level due to intervention by the Japanese authorities, […]
14/06/2024

XTIUSD: Bearish and Bullish Scenarios, Key Levels, and Market Insights

Bearish Scenario: Sell below 77.50/77.81 with TP1: 77.36, TP2: 76.91, TP3: 76.26, and TP4: 76.00, with S.L. above 78.53 or at least 1% of account capital. Bullish Scenario: Buy above 78.70 with TP1: 79.00 and TP2: 79.90, with S.L. below 78.00 or at least 1% of account capital. Apply trailing stop. Fundamental Analysis: The price […]