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AUDUSD remains in bullish territory 50- and 200-day SMAs ready for bullish cross Stochastic looks oversold AUDUSD is recouping some losses of the preceding four red days after it found strong support at the 20-day simple moving average (SMA). Given the current positive momentum, the question now is whether the pair will stay resilient above […]

The post AUDUSD Shows Some Upside Recovery Again appeared first on Action Forex.

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01/04/2024

Japanese Yen Yawns After Mixed Business Confidence Report

The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%. Business confidence among major manufacturers falls The Bank of Japan’s Tankan business confidence survey was a mix and the yen showed a muted response. Business confidence for major […]
09/08/2024

EURJPY Wave Analysis

EURJPY reversed from support zone Likely to rise to resistance level 162.50 EURJPY currency pair recently reversed up sharply from the support zone located between the multi-month support level 154.30 (which has been reversing the price from October) and the lower daily Bollinger Band. The upward reversal from the support zone created the daily candlesticks […]
07/05/2024

USDJPY Wave Analysis

USDJPY reversed from support zone Likely to rise to resistance level 155.65 USDJPY currency pair recently reversed up from the support zone lying between the strong support level 152.00 (former multi-month high from November) and the 38.2% Fibonacci correction of the upward impulse from December. The upward reversal from the support level 152.00 stopped the […]