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EURJPY rises above key resistance, but more remain Technical signals show improvement EURJPY has been in a range between its 20- and 200-day simple moving averages (SMAs) over the past month, currently pushing for a close above the former at 156.45 after failing twice to overcome it in December. The technical indicators are sending some […]

The post EURJPY Speeds Above Key Barrier appeared first on Action Forex.

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01/12/2023

Technical Outlook and Review

DXY: The chart for DXY (US Dollar Index) displays a bullish overall momentum. Potential price action suggests a bullish bounce off the 1st support. The 1st support at 103.17 is identified as a pullback support. It’s a significant level where buying interest may emerge, potentially propelling the DXY towards further gains. The 2nd support at […]
17/07/2024

Market Analysis: AUD/USD and NZD/USD Poised For Fresh Gains

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04/01/2024

AUDUSD Shows Some Upside Recovery Again

AUDUSD remains in bullish territory 50- and 200-day SMAs ready for bullish cross Stochastic looks oversold AUDUSD is recouping some losses of the preceding four red days after it found strong support at the 20-day simple moving average (SMA). Given the current positive momentum, the question now is whether the pair will stay resilient above […]