Logo-color Logo-white

GBP/USD started a fresh decline below the 1.3200 zone. USD/CAD is rising and might aim for more gains above the 1.3820 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a major decline from the 1.3400 resistance zone. There was a break above a key bearish trend line forming with resistance […]

The post GBP/USD Takes Hit While USD/CAD Remains in Uptrend appeared first on Action Forex.

previous

Tensions Rise After Killing of Yahya Sinwar

next

EURGBP Goes Back to a Downtrend

Read More

27/09/2024

GBPJPY Has an Unstoppable Rally to 2-Month High

GBPJPY surpasses 50- and 200-day SMAs Stochastic and RSI tick up in overbought regions GBPJPY has created an aggressive bullish rally to a fresh two-month high of  195.95 over the last ten days following the strong rebound off the 183.70 support level. The market successfully surpassed the 200-day simple moving average (SMA) and the 195.00 […]
01/05/2024

USDJPY Stabilizes a Tad Below 160.00

USDJPY jumps to its highest level since April 1990 A suspected Japanese intervention does not have meaningful impact Oscillators exhibit a divergence regarding overbought conditions USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh 34-year high on Monday. After a roller coaster session that day following speculation over […]
08/10/2024

Equity Weakness Dampens Crypto Investment Appetite

Market Picture The cryptocurrency market rolled back 1.8% in 24 hours to $2.17 trillion due to a reduction in risk appetite among investors, sparking a sell-off in bonds and equities. That said, as the less risky of the cryptocurrencies, bitcoin has been gaining ground relative to the overall market during similar periods, now holding 56.9% […]