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USDCAD extends its rebound to a fresh 1-month high But does not manage to close above the 50-day SMA Momentum indicators turn positive USDCAD had been staging a solid recovery from its December low of 1.3176, but the 50-day simple moving average (SMA) prevented further gains. Despite the rejection, the 200-day SMA has been acting as a […]

The post USDCAD Stuck Between Converging SMAs appeared first on Action Forex.

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12/08/2024

Research Japan: Hawkish BoJ Keen on More Hikes

The BoJ has taken up a much more aggressive strategy and we no longer expect them to wait for all the pieces to fall in place before tightening policies further. We expect the BoJ will hike its policy rate to 1% within the coming 12 months. The rate hike on 31 July was pivotal for […]
19/07/2024

GBP/USD: Cable Dips Further After Downbeat UK Retail Sales

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21/02/2024

EURJPY Wave Analysis

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