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USDTRY breached psychological 30 barrier and hit new record high on Thursday, extending gains between two full figures (29 and 30) in less than a month. Steady and slow-paced ascend, interrupted by minor corrections, suggest that bigger gains are possible. Once the break of 30 pivot is verified, bulls will shift focus towards next targets […]

The post USD/TRY : Turkish Lira Falls to New Record Low Against Dollar appeared first on Action Forex.

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05/12/2023

AUDUSD Plummets Below Uptrend Line

AUDUSD posts several red candles Holds below the SMAs Technical oscillators hold in negative areas AUDUSD has been in a bearish corrective mode during the week, penetrating the short-term uptrend line to the downside with strong momentum. Entering the 0.6570 area has been a struggle over the past three days, and there might be another […]
25/01/2024

Is EURUSD Ready to Climb Back Above the Uptrend Line?

EURUSD rebounds off 200-day SMA But, remains beneath the rising trend line Technical signals are mixed EURUSD finds strong support at the 200-day simple moving average (SMA), which overlaps with the 1.0845 barrier. The pair is currently holding beneath the medium-term ascending trend line but the fact that it is still above the aforementioned support […]
18/04/2024

WTI Wave Analysis

WTI reversed from resistance zone Likely to fall to support level 80.00 WTI crude oil recently reversed down from the resistance zone lying between the resistance level 86.00, upper daily Bollinger Band and the resistance trendline of the daily up channel from December. The downward reversal from this resistance zone started the active minor ABC […]