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According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF. His words in January seem to be in line […]

The post USD/CHF Analysis: SNB Decision Breaks Multi-month Trend appeared first on Action Forex.

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23/07/2024

AUDUSD Tumbles Below Key 0.6690 Zone

AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared the key barrier of 0.6690. Now, the pair is back within the […]
05/01/2024

USD/JPY: The Price Reaches Resistance at 145 Yen per US Dollar

As of Friday morning, the situation on the USD/JPY market deserves attention: → the US dollar is on course to demonstrate its strongest week since July 2023. The media writes that markets are adjusting expectations regarding the easing of monetary policy by the Fed. → The yen fell about 3% against the US dollar in […]
05/12/2023

ETHUSD Posts a Fresh 18-month High

Ethereum jumps to its highest since May 2022 Advance eases as oscillators point at overbought conditions ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 18-month peak of 2,274 on Monday. However, the uptrend seems to be losing some steam, with both the RSI and stochastics touching their […]