Logo-color Logo-white

Early in this trading week, the dollar’s rise, likely influenced by Trump’s strong polling figures, has somewhat slowed. Based on technical analysis of major currency pairs, the market appears ready for a correctional pullback. However, the US election results could disrupt current patterns. EUR/USD Last week, EUR/USD found support around the 1.0760 level and rose […]

The post Euro and Pound Decline Amid US Election Anticipation appeared first on Action Forex.

previous

Trump in the Lead – House Control Still Up in the Air

next

USDJPY Cheers as Trump Leads Election Race

Read More

11/10/2024

EURJPY Moves Within Consolidation Area

EURJPY struggles to drop beneath 38.2% Fibonacci MACD and RSI have weak momentum EURJPY has been developing within a trading range of 155.15-164.00 over the last couple of months, with strong resistance coming from the 200-day simple moving average (SMA) around 164.40. Technically, the RSI is pointing slightly above the neutral threshold of 50; however, […]
25/01/2024

When Do You Start to Worry About Chinese Stimulus?

The stock rally continued on both sides of the Atlantic on Wednesday; the technology and chip stocks remained in the driver seat. Sentiment in Europe was bolstered by an almost 9% rally in ASML on news that their orders more than tripled last quarter. Now, there is a catch. A third of the $10 billion […]
13/12/2024

AUDCHF: Bearish Outlook

The Australian Dollar (AUD) edged higher on Thursday, recovering some ground against the US Dollar (USD) after the release of US jobs data. The AUDUSD pair is trading at 0.6392, marking a 0.36% increase. Mixed US economic data impacted the Greenback. The US Bureau of Labor Statistics (BLS) reported that initial jobless claims jumped to […]