Logo-color Logo-white

EURGBP dips in early Thursday’s trading, after a double upside failure at falling 100DMA (0.8572), the lower boundary of strong resistances at 0.8580 zone (including Fibo 38.2% of 0.8714/0.8498 downtrend and a multiple spike highs). Sterling regained ground after being deflated by UK CPI data and dovish steer from BoE chief Bailey on Wednesday, though […]

The post EUR/GBP: Looks for Fresh Direction Signal appeared first on Action Forex.

previous

BTCUSD Drops to 6-Week Low as Halving Looms

next

Sunset Market Commentary

Read More

29/04/2024

EUR/USD Eyes Recovery But Faces Uphill Task

Key Highlights EUR/USD started a recovery wave from the 1.0600 zone. A key bullish trend line is forming with support at 1.0680 on the 4-hour chart. GBP/USD is eyeing an upside break above the 1.2550 resistance zone. Gold prices are consolidating near the $2,320 zone. EUR/USD Technical Analysis The Euro extended its decline below the […]
10/01/2024

Is NZDUSD on the Brink of Another Decent Move?

NZDUSD continues to trade sideways It is almost at the midpoint of its 2023 rectangle Momentum indicators are in waiting mode NZDUSD is in the green today but it continues to range-trade. Market participants appear to be in waiting mode with the bears trying to engineer another correction in order to recoup part of the […]
19/06/2024

CADCHF Wave Analysis

CADCHF broke key support level 0.6465 Likely to fall to support level 0.6400 CADCHF currency pair under the bearish pressure after breaking the key support level 0.6465 (which started the impulse wave C in February). The breakout of the support level 0.6465 accelerated the active impulse waves 3 and iii, which belong to the higher […]