Logo-color Logo-white

Key Highlights GBP/USD started a downside correction from the 1.3050 zone. It traded below a connecting bullish trend line with support at 1.2970 on the 4-hour chart. Gold prices corrected gains and traded below $2,425. Oil prices extended losses and declined below the $80.00 level. GBP/USD Technical Analysis The British Pound remained in a positive […]

The post GBP/USD Sees Pullback But Key Support Intact appeared first on Action Forex.

previous

S&P 500 Wave Analysis

next

Outcome of Expected Contest Between Trump and Harris Too Early To Call

Read More

02/08/2024

Market Analysis: Gold Price Regains Strength While Oil Price Takes Hit

Gold price started another increase and surpassed the $2,440 resistance. Crude oil is showing bearish signs and might decline below $75.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,420 zone against the US Dollar. A key bullish trend line is forming with support near $2,440 […]
18/07/2024

USDCHF Elliott Wave Analysis Favors Selling Bounces

Hello traders, welcome to a new blog post. Today, we will discuss the future path for the USDCHF currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast. So, what is next for this pair in the coming weeks? On April 29, 2024, the pair completed the medium-term bullish corrective […]
04/09/2024

BoC Rate Decision: Third Rate Cut on the Way

BoC could easily cut interest rates for the third time on Wednesday Macro data favors additional easing but will it be a continuous process? USDCAD needs a close above 1.3585 to gain fresh bullish momentum The easing cycle has more room to go The Bank of Canada (BoC) is in the front of the global […]