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NZDUSD stages a V-shaped recovery from 2024 low The pair jumps above 200-day SMA to its highest since June 14 Oscillators improve notably, suggesting increasing bullish bias NZDUSD has been steadily regaining ground since the beginning of the month after finding its footing at a fresh 2024 low of 0.5848. In the near term, the pair sliced […]

The post NZDUSD Hits Fresh 2-month High appeared first on Action Forex.

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08/05/2024

Persisting Pressure on Crypto

Market picture The crypto market has lost 2% of its capitalisation over the last 24 hours to $2.29 trillion. Bitcoin is losing 1.8%, Ethereum – 1.7%. Among the top altcoins, Solana is experiencing the biggest decline of 4%, while BNB has lost the least, just 0.5%. Bitcoin is drawing its fourth consecutive declining candle on […]
19/07/2024

GBPJPY Retraces Lower After Hitting 16-year High

GBPJPY pulls back from its highest level since August 2008 RSI and MACD ease but remain in positive territories GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. However, the pair has been undergoing a pullback since then probably due to the advance reaching overbought conditions. Should the […]
20/06/2024

USD/JPY: Probes Again Through Pivotal Fibo Barrier, Inflated by Diverging Monetary Policies

USDJPY continues to trend higher and cracks pivotal Fibo barrier at 158.22 (76.4% of 160.19/151.85) which recently capped several attacks. Sustained break here would generate fresh bullish signal for continuation of entire recovery from 151.85 (May 3 low) and open way for 159+ gains on stronger acceleration. Daily studies are in full bullish mode, though […]