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The potential upcoming interest cut on 6 June from the ECB is likely to have been fully priced in by the markets. The forward guidance by ECB officials on the timing of subsequent rate cuts is murky and the consensus forecasts for the current Eurozone core inflation deceleration trend may have plateaued in May. These […]

The post EUR/CHF Technical: Potential Bullish Impulsive Moves Resume appeared first on Action Forex.

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05/04/2024

BTC/USD Analysis: Bearish Arguments Become More Convincing

On March 18, we wrote about the activation of bears near the USD 70,000 level and the likelihood of consolidation forming near this psychological mark. On March 25, we wrote that anxiety remains in the Bitcoin market. Technical analysis of the BTC/USD chart with new data on the behavior of Bitcoin prices today relative to […]
07/02/2024

XBRUSD: Corrects Towards Supply Zone With Expected Further Downside Towards 75.70

Bearish Scenario: Sales below 78.99 with TP1: 77.93, TP2: 77.45, and upon its breakout TP3: 76.56 and TP4: 75.70. It is recommended to place a stop loss above 79.50, at least 1% of the account capital**. A trailing stop can be used. Bullish Scenario: Purchases above 78.00 (wait for a pullback to this area) with […]
29/04/2024

USD/JPY: Rate Falls Rapidly After Exceeding Psychological Mark of 160 Yen Per Dollar

Despite the fact that today is a holiday in Japan, the foreign exchange market is experiencing extreme volatility — wide candles are forming on the USD/JPY chart, and the rate briefly exceeded the psychological level of 160 yen per dollar, reaching a new high in 34 years. The weakening of the yen in the first […]