Logo-color Logo-white

Key Highlights Crude oil prices struggled to clear the $80.00 resistance zone. It traded below a key bullish trend line with support at $77.00 on the 4-hour chart. EUR/USD rallied and surpassed the 1.1120 resistance. Gold seems to be consolidating near the $2,500 pivot zone. Crude Oil Price Technical Analysis Crude oil prices attempted a […]

The post Crude Oil Prices At Risk of More Downsides Below $72 appeared first on Action Forex.

previous

GBPUSD Wave Analysis

next

AUDUSD Loses Some Positive Momentum

Read More

11/07/2024

USD/CAD Price Outlook: 200-day MA Holds Ahead of US CPI Release

USD/CAD has been range-bound, reflecting US Dollar Index consolidation and potential rate differential between Canada and the US. Canada’s volatile inflation and struggling labor market increase pressure on the Bank of Canada (BoC). USD/CAD is positioned between key moving averages, with a tight range suggesting a potential breakout following the inflation data. USD/CAD has been […]
08/01/2024

Monday’s Focus Will Be on Inflation Data

In focus today Today we get a string of tier-2 data from the euro area. The most important ones are the euro area retail sales and German factory orders. The euro area November retail sales will provide important information about how consumption fared in Q4. German factory orders will shed light on the German industry […]
14/05/2024

GBPUSD Advances Above 200-Day SMA

GBPUSD looks neutral in very short-term A jump above 1.2630 could add some optimism Stochastic and MACD are mixed GBPUSD has successfully jumped above the 200-day simple moving average (SMA) with the next crucial obstacle coming from the short-term downtrend line and the 50-day SMA around 1.2590. Technically, the MACD oscillator is still developing with […]