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The week started on a cautious note in Europe and the US as today’s US presidential election looks very close to call and could eventually result in a tight – and even a contested outcome. As such, the major risk today is not a Harris or a Trump win, but it’s the reality that a […]

The post Happy US Election Day appeared first on Action Forex.

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30/08/2024

EURUSD Wave Analysis

EURUSD reversed from long-term resistance level 1.1150 Likely to fall to support level 1.1000 EURUSD currency pair recently reversed down from the major long-term resistance level 1.1150 (which has been reversing the price from the start of 2022). The resistance level 1.1150 was strengthened by the upper weekly Bollinger Band and by the 61.8% Fibonacci […]
05/11/2024

RBA Decision: Vigilance Sustained

The RBA Board left the cash rate unchanged at 4.35%, as expected. Disinflation on track but Board still vigilant to upside inflation risks and is not ruling anything in or out. As expected, the RBA kept the cash rate on hold at 4.35% following its November meeting. The Board acknowledged that headline inflation has fallen […]
11/07/2024

EURJPY Wave Analysis

EURJPY broke the key resistance level 174.30 Likely to rise to the resistance level 176.00 EURJPY currency pair recently broke above the key resistance level 174.30, which stopped the previous impulse wave I at the start of July. The breakout of the resistance level 174.30 accelerated the active impulse wave iii of the higher upward […]