Logo-color Logo-white

CADJPY remains within a range despite hitting new high Upside risks exist above 111.50; bears could take the lead below 110.40 BoC rate decision at 13:45 GMT is the highlight of the Canadian calendar CADJPY remained stagnant after entering the 112.00 area, keeping its weak momentum despite reaching a new high of 112.46 last week […]

The post Is CADJPY Setting the Ground for Next Bull Run? appeared first on Action Forex.

previous

Markets in Waiting Position for US March CPI

next

EURCHF Eases Slightly after 1-Year Peak

Read More

06/03/2024

EUR/USD Shows Strength Amid Anticipation of Key Events

The EUR/USD pair is exhibiting resilience, navigating around the 1.0850 mark on Tuesday, following a sequence of rises in the previous two sessions. The current market atmosphere is one of cautious optimism, as participants brace for significant upcoming events, including a speech by Jerome Powell, the head of the US Federal Reserve, and the release […]
29/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart currently exhibits a bullish overall momentum, indicating strength in the US Dollar. According to your analysis, there is potential for a bullish breakout through the 1st resistance level and a subsequent rise towards the 2nd resistance level. The 1st support level at 102.66 is considered significant for […]
06/05/2024

Gold Technical: A Floor May Have Been Formed for the Bulls

Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key medium-term pivotal zone of US$2,260/2,210 for Gold (XAU/USD). Since our last publication, Gold (XAU/USD) has inched lower […]