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USDCAD is recovering following December nosedive Positive momentum is gaining traction but sustained rebound not certain yet Is this just a temporary respite? USDCAD is headed for a third straight day of gains as it recovers from Wednesday’s five-month low of 1.3176. The pair’s two-month old slide accelerated in mid-December, pushing the momentum indicators deep […]

The post USDCAD Stages a Rebound After Sharp Selloff appeared first on Action Forex.

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08/04/2024

GBPNZD Wave Analysis

GBPNZD reversed from support area Likely to rise to resistance level 2.1175 GBPNZD recently reversed up from the support area set between the support level 2.0940 (former strong resistance from September, November and January), 20-day moving average and the 50% Fibonacci correction of the upward impulse from January. The upward reversal from this support zone […]
05/04/2024

GBPCHF Wave Analysis

GBPCHF reversed from resistance zone Likely to fall to support level 1.1340 GBPCHF recently reversed down from the major resistance zone located between the resistance level 1.1450 (which has been reversing the pair from last June) and the upper daily Bollinger Band. The downward reversal from this resistance zone continues the active downward impulse wave […]
20/06/2024

Ethereum Could Outperform Bitcoin and Rally – Here’s Why

Key Highlights Ethereum remained in a positive zone after all investigation was dropped by the SEC. ETH price is facing resistance near $3,700 on the daily chart. Bitcoin price extended losses and declined below $65,000. Gold prices might gain pace for a move toward the $2,365 level. Ethereum Technical Analysis Ethereum struggled to surpass the […]