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USDCHF ends the week in red MACD and RSI in negative region USDCHF is moving slightly higher after the retreat towards a fresh four-month low of 0.8630. The pair failed to have a closing day beneath the 0.8665 barrier, which is acting as a significant support level. Technically, the RSI is flattening near the 30 […]

The post USDCHF Corrects Higher After 4-month Low appeared first on Action Forex.

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21/08/2024

WTI Outlook: Bears Taking a Breather After the Latest Acceleration

Bears are taking a breather after the latest bearish acceleration in past three days (oil price was down 5%) deflated by easing tensions in the Middle East and rise in US crude stocks (API report). Oversold daily studies and Tenkan-Kijun-sen turned sideways, suggesting that bears are running out of steam, which may prompt traders for […]
30/05/2024

USDJPY Reapproaches Multi-Year Highs

USDJPY in a recovery mode after pullback halts at 50-day SMA Momentum indicators are softening but remain in bullish zones USDJPY experienced a strong setback from its 34-year high of 160.20 following an intervention by Japanese authorities in late April. However, the pair has slowly but steadily recouped a significant part of these losses, attempting to revisit […]
02/07/2024

XTIUSD: Strengthened and Reaching Supply Zone

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