Logo-color Logo-white

GBPUSD reverses lower after 50-day SMA curbs advance Violates both the 200-day SMA and descending trendline Momentum indicators are neutral-to-negative GBPUSD had been in a recovery mode following its bounce off the five-month bottom of 1.2298, with the price temporarily violating the 200-day simple moving average (SMA). However, the pair retraced back below the downward sloping trendline, […]

The post GBPUSD Pulls Back After Testing 50-day SMA appeared first on Action Forex.

previous

Japanese Yen Weakens Despite Government Warnings

next

EURJPY Flirts With 167.00 Again

Read More

01/07/2024

Forex and Cryptocurrency Forecast

EUR/USD: Inflation in the US – Everything is Going According to Plan Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported that according to the final estimate, the US GDP grew by 1.4% in Q1, against the forecast of 1.3%. (According […]
02/09/2024

EURGBP Wave Analysis

EURGBP reversed from strong support level 0.8400 Likely to rise to resistance level 0.8440 EURGBP currency pair today reversed up from the strong support level 0.8400 (which has been steadily reversing the price from the middle of June) standing near the lower daily Bollinger Band. The upward reversal from the support level 0.8400 created the […]
18/04/2024

Sunset Market Commentary

Markets German Bund yields in fixed income markets gapped lower at the open this morning, catching up with US Treasuries late yesterday and in Asian dealings this morning. The drop was followed by a drift higher only to reverse course again after some comments from Villeroy. The French ECB governor said he’s open to rate […]