Logo-color Logo-white

GBP/USD is gaining pace above the 1.2640 resistance. EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2700. There is a key bullish trend line forming with support near 1.2690 on the hourly chart of GBP/USD at […]

The post Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles appeared first on Action Forex.

previous

NZDUSD Posts New 2-Month High

next

New Zealand Dollar Climbs after Hawkish RBNZ Announcement

Read More

20/12/2023

GER 40 Index Near New Highs at the End of 2023

GER 40 looks strongly bullish However, RSI suggests overbought market As the 2023 is coming to an end, the GER 40 index added more than 17% after the bounce off the 14,600 support level and the 100-week simple moving average (SMA). The price reached a new high near 17,003.90 in the previous week and lost […]
19/09/2024

Dollar Trades Mixed After Fed Rate Cut

The Federal Reserve surprised the market yesterday by cutting the dollar rate by 0.5%, with expectations that a similar reduction might occur by the end of the year. The dollar initially dropped sharply following the announcement but then partially recovered after comments from Jerome Powell. The Fed Chair stated that the current decision would not […]
12/04/2024

Silver (XAGUSD) Looking to Extend Higher in a Nest

Short term Elliott Wave view in Silver (XAGUSD) suggests that cycle from 3.27.2024 low is ongoing as a 5 waves impulse. Up from 3.27.2024 low, wave (i) ended at 25.38 and pullback in wave (ii) ended at 24.73. The metal extended higher in wave (iii) towards 27.33 and pullback in wave (iv) ended at 26.26. […]