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It helps to have a framework for thinking through the different events that might come along and surprise us. Some things are just lumps and bumps along the way, while others are genuinely forks in the path ahead. The past few weeks have been big ones for news. An assassination attempt, a Presidential withdrawal and […]

The post Events, My Dear Readers, Events appeared first on Action Forex.

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USDCAD Wave Analysis

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Rotation Continues, But Europe Doesn’t Benefit

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18/12/2023

CADJPY Wave Analysis

CADJPY reversed from support level 104.60 Likely to rise to resistance level 107.00 CADJPY today reversed up from the key support 104.60 (which has been repeatedly reversing the price from July) standing below the lower daily Bollinger Band. The key support 104.60 was strengthened by the 38.2% Fibonacci correction of the upward impulse from March. […]
18/04/2024

US, Japan Express Concern Over Japanese Yen

The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushing the market estimate of […]
09/07/2024

GBPUSD Advances Towards 2024 Highs

GBPUSD rebounds from its 50-day SMA The price jumps to its highest since June 12 Momentum indicators are tilted to the upside GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average (SMA) in late June. Moreover, the pair has entered a range that has previously rejected further advances during the past […]