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GBP/USD declined below the 1.2665 support zone. USD/CAD is rising and might aim for more gains above the 1.3610 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There was a break below a key rising channel with support at 1.2630 on the […]

The post GBP/USD Dives While USD/CAD Gains Bullish Pace appeared first on Action Forex.

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19/07/2024

USD/JPY Outlook: Bear-Trap Underpins But Recovery Still Faces Headwinds

USDJPY remains constructive on Friday and attempts to further extend Thursday’s strong bounce, with recovery being supported by signals of a double bear-trap, following a false break below pivotal Fibo support at 156.04 and thin daily cloud (spanned between 155.83 and 155.50). Rising and thickening daily cloud also underpins near-term action, however, headwinds are still […]
05/04/2024

Week Ahead – ECB Decision and US Inflation to Fuel FX Volatility

Central bank decisions in Eurozone, Canada, and New Zealand Highlight will be the ECB – likely to signal a rate cut in June In US, the dollar will be driven by inflation stats and Fed minutes ECB meeting – Nearly time to cut  The Eurozone economy has gone through a rough patch over the last […]
02/07/2024

Stocks Held Back Crypto Gains

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