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GBP/USD is attempting a recovery wave from 1.2680. USD/CAD is rising and might aim for a move above the 1.3690 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There is a key bearish trend line forming with resistance near 1.2740 on […]

The post GBP/USD Dips While USD/CAD Eyes More Gains appeared first on Action Forex.

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29/08/2024

EURAUD Wave Analysis

EURAUD falling inside impulse wave (1) Likely to reach support level 1.6260 EURAUD currency pair continues to fall inside the weekly downward impulse wave (1) which started earlier from the key resistance level 1.7000 (former yearly high from the middle of 2023). The downward reversal from resistance level 1.7000 created the weekly Japanese candlestick reversal […]
15/10/2024

EURJPY Posts Strong Fight With 163.45-164.00 Barrier

EURJPY looks neutral in short-term view 200-day SMA seems to be another real struggle for bulls MACD and stochastics weaken their momentum EURJPPY has been stuck within a tight range of 162.30 and 163.45, remaining in a broader sideways channel of 155.15-164.00. The pair has been consolidating over the last seven days and needs a […]
09/08/2024

GBP/USD: Bullish Bias Above Rising Daily Cloud

Cable remains at the front foot and extends recovery on Friday morning, after fresh bulls registered break and close above the top of rising daily cloud. Fading US recession fears and solid Chinese economic data revived risk sentiment while sterling gets support from diverging US/UK monetary policies (bets for the size of Fed rate cuts […]