Logo-color Logo-white

AUDUSD rebounds from its lowest level since November Price jumps above descending trendline to test 200-day SMA Momentum indicators improve but remain in negative zones AUDUSD had been in a constant decline after peaking at 0.6870 in December, breaking below both its 50- and 200-day simple moving averages (SMAs). Nevertheless, the pair managed to find its […]

The post AUDUSD Challenges 200-day SMA appeared first on Action Forex.

previous

Gold Rises But Within a Downward Channel

next

The Weekly Bottom Line: Coming Off the Boil?

Read More

18/06/2024

Nasdaq 100 Index Reaches 20,000 Points for the First Time

On 30 May, we noted some uncertainty in the price behaviour of the Nasdaq 100 (US Tech 100 mini on FXOpen) near the resistance level of 18,840, as shown by arrow #1. Following this, the price declined and tested the former resistance at 18,250 (indicated by arrow #2) – the long lower shadow on the […]
27/03/2024

Dollar Pushes Higher as S&P 500 Set for 5th Monthly Gain

Yesterday was a slow day in terms of data and information flow and a strong day in terms of meme trading and speculation, as Donald Trump’s Truth Social flew with its own wings for the first time yesterday, following last week’s successful merger with DWAC. Trump’s Media and Technology Group rose up to 60% under […]
14/05/2024

EUR/USD Steady as German Confidence Index Rises

The euro is drifting on Tuesday. EUR/USD is up 0.07% on Tuesday, trading at 1.0798 in the European session at the time of writing. German inflation steady, confidence higher Germany’s inflation rate remained unchanged in April at 2.2% y/y, matching the market consensus. Services inflation slowed but this was offset by higher food prices. Monthly, […]