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EURGBP tests uptrend line as it resumes slide Risks are tilted to the downside But pennant pattern suggests more consolidation EURGBP has been drifting lower after its latest attempt to break above the medium-term descending trendline failed, peaking at 0.8585. The price briefly touched the short-term uptrend line just below 0.8520 earlier today before bouncing […]

The post EURGBP Maintains Bearish Bias Amid Pennant Formation appeared first on Action Forex.

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26/06/2024

EURJPY Builds Base Slightly Near 40-year High

EURJPY stands well above uptrend line RSI flattens but MACD strengthens its momentum EURJPY has rebounded off the long-term ascending trend line near 167.70, sending the market above the previous peak of 170.80. A successful jump above the 40-year high of 171.56 could help the pair to surge towards the next round numbers such as 172.00 and 173.00. […]
04/04/2024

BTCUSD Pauses Pullback But Still Under Pressure

BTCUSD halts its retreat and recoups some losses But momentum indicators remain tilted to the downside BTCUSD (Bitcoin) experienced a strong pullback following its repeated inability to conquer the 71,750 hurdle. Although the price seems to be finding its footing in the last couple of sessions supported by a short-term ascending trendline, near-term risks remain tilted to […]
24/05/2024

Is the Pause in NGAS a Warning Signal?

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