Logo-color Logo-white

GBPUSD reversed from support level 1.2620 Likely to rise to resistance level 1.2775 GBPUSD currency pair recently reversed up from the key support level 1.2620 (which has been repeatedly reversing the price from the middle of December). The support level 1.2620 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction […]

The post GBPUSD Wave Analysis appeared first on Action Forex.

previous

NZDUSD Plummets Below 50-day SMA

next

EURUSD Finds Support at the 200-day SMA

Read More

08/07/2024

French Election No Majority, No Spending Surge, But Continued Uncertainty

No party secured an absolute majority in the French National Assembly, leaving it highly fractured after the election. The left-wing New Popular Front (NPF) became the largest party, securing 182 seats. Macron’s centrist “Ensemble” alliance finished second with 168 seats. The far-right National Rally (RN) has unexpectedly taken third place, garnering 143 seats. A party […]
31/05/2024

OPEC+ Meeting Could Switch Oil Regime

Oil declined for the second day in a row, reversing down from its 200-day moving average for the third time this month. An OPEC+ meeting is scheduled for this weekend with enough potential to break the tie. Oil’s upward trend that started in December stopped in April with an impressive 12% correction. But it failed […]
04/06/2024

Nordic Outlook: Inflation Have Been Stronger Than Expected

In focus today This morning, we published our latest edition of Nordic Outlook in which we take a closer look at the major economies. We see that growth and inflation have been stronger than expected, pointing to fewer interest rates cuts delivered at a slower pace. In the Nordic countries the picture is more mixed, […]