Logo-color Logo-white

Bears hold grip and keep the price within daily cloud for the third straight day, with cloud top acting as solid resistance and limits upticks. Renewed probe through 1.3049 (50% retracement of 1.2664/1.3434) looks for eventual firm break here to signal bearish continuation for attack at psychological support at 1.30 (also Sep 11 higher low), […]

The post GBP/USD: Bearish Bias Under Daily Cloud Top appeared first on Action Forex.

previous

USDJPY Tests New 3½-Month High

next

China’s Data Remains Weak, But There Are Signs of a Turnaround

Read More

26/11/2024

USDCAD Falls from 4½-Year High

USDCAD declines from 1.4100 again RSI moves horizontally below 70 MACD still in bullish momentum USDCAD has successfully broken the 1.4100 psychological mark earlier today, taking the market towards a fresh four-and-a-half-year high of 1.4176. The price rose around 1.5% only in just one 4-hour session but is currently turning lower. The RSI indicator is […]
04/11/2024

Gold in Anticipation Mode

Gold is trading sideways, well below its recent high Volatility remains elevated ahead of the US election Momentum indicators remain mostly bullish Gold is trading sideways today and thus failing to forcefully react to the two negative sessions that pushed it well below its all-time high of 2,790. Month-end portfolio reallocations and profit taking could […]
19/03/2024

Bank of Japan Ends the Era of Negative Interest Rates

The Bank of Japan has not raised interest rates for 17 years. For 8 years, it was in the negative zone. But today there was a dramatic shift in monetary policy — the Bank of Japan announced a decision to increase the interest rate from -0.1% to 0.1%. The central bank also abandoned yield curve […]