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The Australian dollar is in negative territory on Monday. In the European session, AUD/USD is trading at 0.6491, down 0.26% on the day. Australia’s retail sales rise to 0.6% Australian events started the week on a strong note, as retail sales were higher than expected. October retail sales jumped 3.4% y/y in October, up sharply […]

The post Australian Retail Sales Jump But Aussie Dips appeared first on Action Forex.

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12/12/2023

EURJPY Rotates Higher, But Trend Risks Remain

EURJPY pauses sharp downfall near 200-day SMA Oversold, but trend signals remain discouraging EURJPY turned oversold near its 200-day simple moving average (SMA) after a heavy bearish storm squeezed the pair from fifteen-year highs to a four-month low of 153.00 last week. The latest freefall in the price has breached the June-November bullish channel, charting a new lower […]
11/04/2024

GBP/USD Dives Below Support, US CPI Increased 3.5%

Key Highlights GBP/USD failed to surpass 1.2700 and declined heavily. It traded below a key bullish trend line with support at 1.2630 on the 4-hour chart. The US CPI increased by 3.5% in March 2024 (YoY), whereas the market expectation was 3.4%. The US Initial Jobless Claims could decline to 215K from 221K. GBP/USD Technical […]
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 […]