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GBPUSD eases a bit after strong rally Technical oscillators move slightly down GBPUSD skyrocketed to a fresh two-and-a-half-year high of 1.3365 earlier today, adding almost 3% after the bounce off the 1.3000 round mark. The technical oscillators indicate an overstretched market. The stochastic is turning slightly lower in the overbought territory, while the RSI is […]

The post GBPUSD Unlocks Another New 2½-Year High appeared first on Action Forex.

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14/03/2024

GBP/USD Eyes Fresh Increase, Gold Could Rally Further

Key Highlights GBP/USD started a decent increase above the 1.2800 resistance. A major bullish trend line is forming with support at 1.2790 on the 4-hour chart. Gold prices could accelerate further higher above the $2,180 resistance zone. Bitcoin price seems to be setting up for more upsides above $73,000. GBP/USD Technical Analysis The British Pound […]
04/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, suggesting that the US Dollar is exhibiting strength. In the short term, there’s potential for a bullish bounce off the 1st support level, with an aim to move towards the 1st resistance. The 1st support at 101.77 is categorized as a pullback […]
15/12/2023

WTI Wave Analysis

WTI reversed from support level 68.00 Likely to rise to resistance level 73.35 WTI crude oil recently reversed up from the major long-term support 68.00 (which has been repeatedly reversing the price from March) coinciding with the lower daily Bollinger Band. The upward reversal from the support 68.00 is likely to form the daily candlesticks […]