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The week starts on a mixed note in Asia, after major US indices recorded their best week since last October and boosted appetite in global risk markets. A softer-than-expected CPI read in the US combined with robust retail sales and weekly jobless claims data boosted the expectation that the Fed could eventually achieve a soft […]

The post USD Extends Losses, Yen Gains appeared first on Action Forex.

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EURUSD Tests 1.1050 Tricky Area

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21/03/2024

GBPUSD Elliott Wave : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article, we’re going to take a look into the Elliott Wave charts of GBPUSD, exclusively presented in the members’ area of our website. As our members know GBPUSD has recently made pull back that made clear 3 waves down from the March 8th peak and completed correction right at […]
26/04/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.9135 Likely to rise to resistance level 1.9360 GBPAUD currency pair recently reversed up from the pivotal support level 1.9135, which has been reversing the price from the start of April, intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse 1 from […]
21/02/2024

ETHUSD Unlocks 21-month High Just Shy of 3,000

ETHUSD extends structure of higher highs Posts 21-month peak a tad below 3,000 psychological mark Momentum indicators point to overbought conditions ETHUSD (Ethereum) has been developing within a bullish channel since late October, surging to consecutive higher highs. On Tuesday, the price leaped to a fresh 21-month peak of 2,984, but traders should be cautious as […]