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Markets As US and UK markets were closed yesterday, directional guidance for trading on European markets solely had to come from domestic sources. German IFO Business climate printed softer than hoped for after last week’s strong PMIs. The overall index stabilized (89.3) as better expectations were neutralized by an, albeit modest, setback in the current […]

The post June ECB Rate Cut a Done Deal Except in Case of a Big Shock appeared first on Action Forex.

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20/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from support level 162.45 Likely to rise to resistance level 168.00 CHFJPY currency pair recently reversed up from the key support level 162.45 (which has been reversing the price from August). The support level 162.45 was strengthened by the lower daily Bollinger Band, support trendline of the daily down channel from November and […]
20/06/2024

FTSE 100 index Wave Analysis

FTSE 100 index reversed from support level 8140.00 Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the key support level 8140.00 (which has been reversing the price from the end of April), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 8140.00 completed the […]
08/08/2024

Does Recent EURJPY Correction Have Legs?

EURJPY is hovering around the 159.64 level It is trading around 9% lower from its recent high Momentum indicators are mixed, all eyes on stochastics EURJPY is trading lower today, close to the 159.64 level and considerably above the August 5 low of 154.38. The market is clearly trying to find its footing following the […]