Logo-color Logo-white

US President-elect Trump used his Truth Social network to announce his latest tariff threats. Trump vowed to impose 10% additional tariffs on China exports to the US and 25% tariffs on all products from Mexico and Canada. The recent two-month rally seen in AUD/JPY has flashed out bearish technical elements. The financial market has managed […]

The post AUD/JPY Technical: Trump Trade Tariffs Tantrum May Spark a Sell-off Yen Cross Pairs appeared first on Action Forex.

previous

EUR/USD Outlook: Bullish Signal Developing on Daily Chart But Needs More Evidence for Confirmation

next

Australian Dollar Under Pressure, CPI Next

Read More

07/03/2024

ETHUSD Storms to a Fresh 26-month Peak

ETHUSD ascends sharply, touching 4,000 psychological mark Momentum indicators are deep within overbought zones Risk of a pullback is high given the overstretched rally ETHUSD (Ethereum) has been in a steep uptrend, surging to consecutive multi-month highs. However, traders should not rule out an impending downside correction as the short-term oscillators are flagging extremely overbought conditions. […]
24/10/2024

Elliott Wave View: CADJPY Has Reached Area Where Pullback Can Happen

CADJPY has already reached the extreme area from 8.5.2024 low. This suggests that pair is in the zone where it can start to see a pullback soon. Shorter cycle structure however looks incomplete and pair can see further upside a bit more. The rally from 9.30.2024 low is currently in progress as a zigzag Elliott […]
28/12/2023

USDCHF Wave Analysis

USDCHF broke key support level 0.8570 Likely to fall to support level 0.8400 USDCHF under the bearish pressure after the pair broke the key support level 0.8570 (former multi month low from July). The breakout of the support level 0.8570 accelerated both of the active impulse waves 3 and (3). Given the clear daily downtrend […]