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Key insights from the week that was. In Australia, the week started with an encouraging development, the Westpac-MI Consumer Sentiment’s headline index rose 6.2% to be at its highest level in over a year, albeit still almost 15% below the long-run average. A ‘trifecta’ of disposable income pressures – high inflation, elevated interest rates and […]

The post Cliff Notes: Balancing the Risks appeared first on Action Forex.

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26/11/2024

USDCAD Falls from 4½-Year High

USDCAD declines from 1.4100 again RSI moves horizontally below 70 MACD still in bullish momentum USDCAD has successfully broken the 1.4100 psychological mark earlier today, taking the market towards a fresh four-and-a-half-year high of 1.4176. The price rose around 1.5% only in just one 4-hour session but is currently turning lower. The RSI indicator is […]
21/03/2024

Gold Wave Analysis

Gold reversed from key support level 2150.00 Likely to rise to resistance level 2197.00 Gold earlier reversed up from the key support level 2150.00 (former strong resistance, which stopped the earlier upward impulse wave (1) in December). The upward reversal from the support level 2150.00 started the active impulse wave 3, which belongs to the […]
24/05/2024

Gold Price and Crude Oil Price Signal Bearish Acceleration

Gold price started a sharp decline from $2,450. Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,450 zone before there was a sharp decline against the US Dollar. A key bearish trend line […]