Logo-color Logo-white

This Monday, as part of the weekly market review and analysis, we examined the price action on the EURUSD chart across the different timeframes. While the short-term direction appears to be bearish, the long-term sentiment remains bullish, especially on the weekly and daily timeframe charts. Here is my interpretation of the price action on these […]

The post EURUSD Breakdown, 9th December appeared first on Action Forex.

previous

Sunset Market Commentary

next

WTI Crude Oil Faces Resistance: Can Recovery Take Hold?

Read More

15/12/2023

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.8945 Likely to rise to resistance level 1.9200 GBPAUD currency pair recently reversed up from the strong support level 1.8945 (which has been repeatedly reversing the pair from the start of July) intersecting with the lower daily Bollinger Band. The support level 1.8945 was strengthened by the 38.2% Fibonacci correction […]
20/02/2024

USD/CAD – A Quiet Start to the Week But Plenty to Come

Canadian inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USDCAD higher but momentum remains weak It’s no surprise that it’s been a quiet start to the week, with both countries observing a bank holiday but several events on the horizon should ensure things pick up. […]
24/09/2024

China’s Stimulus Boosts Yuan and Shares

China has unveiled stimulus measures to boost the economy. The scale is not impressive – it is not an all-out crisis salvo but rather an attempt to stop a slide here and there. The People’s Bank of China announced a 0.2 percentage point cut in benchmark interest rates and a 0.25-0.50 percentage point cut in […]