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Markets The shape of the post-US election phase of the Trump trade were already crystal clear before the open of European markets. Donald Trump secured his second term as US president with supplementary institutional comfort of a Senate majority. Even a House majority remains a possible additional pillar to facilitate the implementation of his political […]

The post Sunset Market Commentary appeared first on Action Forex.

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14/05/2024

USDX Elliott Wave: Forecasting the Decline from Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended the cycle from the December’s 2023 low. The index has recently given us bounce in a 3-wave pattern, when […]
12/07/2024

GBPJPY Hits 20-Day SMA After Multi-Year High

GBPJPY may start bearish correction Stochastics move down; RSI ticks up GBPJPY suffered significant losses following an aggressive rally to the multi-year high of 208.10. The pair found immediate support at the 20-day simple moving average (SMA) of 203.80, keeping the bias bullish for now. Technically, the stochastic oscillator is diving from the overbought region; however, the RSI is […]
12/03/2024

Japanese Yen Weakens After Five Sessions of Gains

The USD/JPY pair has begun to rise, reaching 147.33. This shift follows five consecutive sessions of yen appreciation without interruption. Firstly, the US dollar has halted its rapid decline and shows signs of strengthening. This shift has led to a “pause” in the rally on the currency market. Secondly, investors have already priced in the […]