Logo-color Logo-white

DXY: The DXY (US Dollar Index) chart currently maintains its bullish momentum, indicating a potential scenario of a bullish bounce off the pivot and a subsequent move towards the 1st resistance. The pivot level at 102.63 serves as an overlap support, suggesting historical significance as a level where buying interest has previously emerged to support […]

The post Technical Outlook and Review appeared first on Action Forex.

previous

Cliff Notes: Waiting in Anticipation

next

WTI Oil Futures in Fierce Battle with 50.0% Fibo

Read More

09/09/2024

EURUSD Wave Analysis

EURUSD reversed from support level 1.1030 Likely to rise to resistance level 1.1200 EURUSD recently reversed up from the support level 1.1030 (former resistance from August, acting as the support after it was broken by the previous impulse wave iii). The upward reversal from the support level 1.1030 created the daily Japanese candlesticks reversal pattern […]
30/11/2023

AUDJPY Wave Analysis

AUDJPY reversed from resistance level 98.40 Likely to fall to support level 96.00 AUDJPY currency pair recently reversed down from the long-term resistance level 98.40, which stopped the sharp weekly uptrend in the middle of 2022, as can be seen below. The resistance level 98.40 was further strengthened by the upper weekly Bollinger Band. Given […]
01/05/2024

Will Post-FOMC Jobs Report Move Dollar?

US nonfarm payrolls scheduled for release on Friday 12:30 GMT Another solid report could question rate cuts if Powell provides no clear guidance EURUSD at risk of plunging towards April’s low of 1.0600 April’s nonfarm payrolls might cause volatility  Friday will be a nonfarm payrolls day and investors expect the economy to have added 243k […]