Logo-color Logo-white

On 5 December, while analysing the natural gas chart, we noted that price movements: → were forming an ascending channel (shown in blue); → support from the lower boundary of the channel (reinforced by the psychological level of 3.000) was already evident in a nascent price reversal (indicated by an arrow). As the XNG/USD chart […]

The post XNG/USD Analysis: Bears Pressure Key Support appeared first on Action Forex.

previous

Slow Start to a Busy Week

next

Canadian Dollar Strengthens, But Its Outlook Hinges on Oil Prices and Trade Tariffs

Read More

20/01/2025

WTI Oil Price Eases from New Highs as Market Awaits Fresh Signals

WTI oil price eased further in early Monday trading, after last week’s multiple upside rejections at the base of daily Ichimoku cloud ($79.00) left a weekly bull-trap, prompting traders for a partial profit-taking. All eyes are on inauguration of the US President Donald Trump and a number an executive orders he promised to sign in […]
01/04/2024

Bitcoin Remains Within Extended Range

Bitcoin edged lower on Monday but remains within the longer range which extends into seventh consecutive day. Near-term action remains sideways and looking for stronger direction signals, as daily studies are mixed (fading positive momentum / MA’s in bullish setup), with bullish but overbought weekly studies, adding to unclear near-term picture. Last week’s monthly close […]
26/04/2024

USD/JPY Volatile After Inflation, BoJ Meeting

The Japanese yen is swinging sharply on Friday. In the European session, USD/JPY is trading at 156.46, up 0.52%. It has been a busy Friday in Japan. Japanese inflation data, which was released just before the end of the Bank of Japan meeting, was much lower than expected. Tokyo Core CPI, which was overshadowed by […]