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Bullish scenario: Intraday buys above 2160.00 with TP: 2171 and TP2: 2177, with S.L. below 2155.00 or at least 1% of account capital*. Apply trailing stop. Bearish scenario: Sells below 2177 with TP1: 2150, TP2: 2142, and 2126 with S.L. above 2185 or at least 1% of account capital*. Scenario from the H4 chart: The […]

The post XAUUSD: In Bearish Correction With Key Levels on H4 appeared first on Action Forex.

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25/04/2024

Japanese Yen Moved Beyond USD/JPY 155 for the First Time Since 1990

Markets Core bonds drifted away again yesterday. In the US, Treasuries reversed Tuesday’s (disappointing) PMI-induced spike higher. Weakening demand and a slight tail at the US Treasury’s record $70bn 5-yr Note sale kept UST’s near intraday lows going into the close. The longer end of the curve underperformed with the front end locked in the […]
02/08/2024

USD/JPY Outlook: Falls Further on Weaker than Expected NFP Numbers

USDJPY fell sharply (down 1% in immediate reaction to US jobs data) after US NFP dipped well below expectations in July (114K vs 176K f/c), while June’s figure was revised down to 179K from initial 206K. Unemployment unexpectedly rose to 4.3% in July from 4.1% June / consensus, while average earnings rose by 0.2% last […]
05/06/2024

USDCAD: Influence of Linear Regression Channel and BoC

Bullish Scenario: Buy above 1.3676 with TP1: 1.3699, TP2: 1.3720, and TP3: 1.3735, with an SL below 1.3665 or at least 1% of account capital. Apply trailing stop. Bearish Scenario: Sell below 1.3665 with TP1: 1.3623, with an SL above 1.3686 or at least 1% of account capital. Fundamental Analysis The BoC has maintained its […]