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Yesterday offered a moment of relief for some investors amid the Trump euphoria sweeping through the markets. The nomination of Scott Bessent for Treasury Secretary resonated well across investment communities as the man – who runs a macro hedge fund and backs Trump’s tariffs and tax cuts – is seen a ‘measured choice’ for the […]

The post Emotional Rollercoaster appeared first on Action Forex.

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NZDUSD Falls to 1-Year Low Ahead of RBNZ

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18/11/2024

GBP/USD Nosedives While USD/CAD Regains Strength

GBP/USD started a fresh decline below the 1.2750 zone. USD/CAD is rising and might aim for more gains above the 1.4100 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a major decline from the 1.3000 resistance zone. There is a key bearish trend line forming with resistance at 1.2650 on […]
08/04/2024

GBPNZD Wave Analysis

GBPNZD reversed from support area Likely to rise to resistance level 2.1175 GBPNZD recently reversed up from the support area set between the support level 2.0940 (former strong resistance from September, November and January), 20-day moving average and the 50% Fibonacci correction of the upward impulse from January. The upward reversal from this support zone […]
19/04/2024

USDCAD Puts Rally on Hold Near 1.3800 Caution Zone

USDCAD pauses aggressive bull run near five-month high Faces resistance around 1.3800, but remains supported above 1.3690 USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 on Wednesday. But upside forces faded soon, forcing the price to pull back to Thursday’s closing price of 1.3765. The […]