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EURUSD stabilized last week, firstly with five five waves up from 10725 which marks an important short-term low, and then bounced after a wave set-back despite strong US jobs data. We see nice wave b correction that is now pointing to higher prices near-term only; possibly wave C up to 1.09-1.0940 area till ECB this […]

The post EUR/USD: Short-term bullish, till ECB appeared first on Action Forex.

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23/08/2024

Analysis of GBP/USD: The Pair Approaches 2023 High

Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows: → Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1; → Flash Services PMI: actual = 53.3, forecast = 52.8; previous = 52.5. As SPGlobal reports, the […]
26/04/2024

GBP/USD and USD/CAD Daily Chart Outlook

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25/01/2024

Is EURUSD Ready to Climb Back Above the Uptrend Line?

EURUSD rebounds off 200-day SMA But, remains beneath the rising trend line Technical signals are mixed EURUSD finds strong support at the 200-day simple moving average (SMA), which overlaps with the 1.0845 barrier. The pair is currently holding beneath the medium-term ascending trend line but the fact that it is still above the aforementioned support […]