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The latest update on business sentiment pointed to resilience in activity and easing inflation pressures. Key results (seasonally adjusted) General business confidence: -10.2 (Previous: -49.0) Trading activity, past three months: 6.3 Previous: -16.8) Trading activity, next three months: 4.9 (Previous: -12.1) % of businesses reporting a rise in operating costs over the past 3 months: […]

The post NZ First Impressions: NZIER Survey of Business Opinion, Q4 2023 appeared first on Action Forex.

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04/03/2024

Forex and Cryptocurrencies Forecast

EUR/USD: Weak Bulls vs. Weak Bears Throughout the past week, EUR/USD has been trading within a narrow channel. News favouring the euro pushed it towards the resistance level at 1.0865, while positive developments for the dollar brought it back to the support level at 1.0800. However, neither the bulls nor the bears had enough strength […]
08/12/2023

Technical Outlook and Review

DXY: The DXY chart currently shows a bearish overall momentum, indicating a potential for a bearish continuation in the price action. The 1st support level at 103.19 is considered an overlap support. This level holds significance as it aligns with both the 61.80% Fibonacci Retracement and the 61.80% Fibonacci Projection, indicating a Fibonacci confluence. This […]
29/11/2023

USDCHF Wave Analysis

USDCHF broke key support level 0.8900 Likely to fall to support level 0.8700 USDCHF currency pair continues to fall inside the minor impulse wave 3, which previously broke the key support level 0.8900, coinciding with the 50% Fibonacci correction of the upward wave (B) from the end of July. The active impulse wave 3 belongs […]