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On Monday, the AUD/USD pair remains stable around the 0.6450 mark. After benefiting from the US dollar’s weakness during the extended US holiday weekend, the currency pair faced new pressures following remarks by US President-elect Donald Trump. Trump’s threat to impose 100% trade tariffs on BRICS nations if they pursue a universal currency to replace […]

The post AUD/USD Stabilises Amid US Dollar Pressures and Domestic Economic Strength appeared first on Action Forex.

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GBP/USD Climbs Back as EUR/GBP Faces Pressure

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Russell 2000: On Sight for a Potential Fresh All-Time High

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30/04/2024

GBPUSD Wave Analysis

GBPUSD rising inside minor correction 2 Likely to rise to resistance level 1.2700 GBPUSD currency pair continues to rise inside the minor correction 2, which started earlier, when the pair reverse dup with the daily Morning Star form the key support level 1.2335. The active wave 2 belongs to the intermediate downward impulse wave (C) […]
12/12/2023

Germany 30 Technical: A Potential Minor Corrective Decline Looms

Short-term RSI momentum indicator has flashed out bullish exhaustion condition after 6 consecutive weekly positive closes. At the risk of minor corrective decline sequence below 16,910 key short-term resistance. Intermediate supports rest at 16,590 and 16,440. The Germany 30 Index (a proxy for the DAX futures) has managed to soar towards the 16,780/850 resistance zone […]
15/02/2024

All’s Well That Ends Well

The market has been very quick in swallowing and digesting this Tuesday’s less than ideal inflation data from the US – which showed that inflation in the US didn’t ease as much as expected in January, remember that data? It was just two days ago, it was supposed to be important, and potentially trend changing. […]