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GBP/USD declined below the 1.2715 support zone. USD/CAD is rising and might aim for more gains above the 1.3330 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline below the 1.2715 support zone. There is a key bearish trend line forming with resistance near 1.2680 on the hourly […]

The post GBP/USD Retreats From Highs, USD/CAD Grinds Higher appeared first on Action Forex.

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16/07/2024

Gold Regains Strength: Poised for Continued Gains?

Key Highlights Gold is gaining bullish momentum above the $2,400 support zone. A key bullish trend line is forming with support at $2,395 on the 4-hour chart. EUR/USD could continue to rise toward the 1.1000 resistance. Bitcoin recovered and broke the $64,000 resistance zone. Gold Price Technical Analysis Gold prices remained well-supported above the $2,350 […]
19/08/2024

News of the Week (August 19— August 23): GBPCAD Detailed Analysis

Keep your eyes on GBPCAD—new trading prospects are emerging! The GBPCAD currency pair, representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian dollar is heavily influenced by fluctuations in commodity prices, particularly oil, due to Canada’s status […]
19/06/2024

AUDCAD Bulls Stay in the Driver’s Seat

AUDCAD rebounds and breaks above 0.9125 Overall, it remains above a prior upside channel The advance may continue towards the 0.9230 zone A dip below 0.9000 could signal a bearish correction AUDCAD rebounded strongly on Tuesday, extending its recovery above the key resistance zone of 0.9125. Overall, the pair is trading above the upper bound of […]