Logo-color Logo-white

USDCHF remains in bullish bias RSI suggest overstretched market USDCHF has added more than 7% since the end of September, sending the price to a new five-month high of 0.9020. However, the pair is currently losing some ground but remains above the 0.8955 key level. From a technical standpoint, the MACD oscillator is still extending […]

The post USDCHF Eases from 5-month High appeared first on Action Forex.

previous

EURJPY Wave Analysis

next

Brent Oil Under Pressure Again: USD and China in Focus

Read More

22/08/2024

AUDUSD Loses Some Positive Momentum

AUDUSD gains more than 6% after bottoming at 0.6350 Immediate resistance near long-term downtrend line Technical oscillators suggest bearish correction AUDUSD has posted an impressive bullish rally after the bearish doji candle on August 5, adding more than 6%. The price has overcome the simple moving average lines and is currently slightly below the weekly […]
29/04/2024

Gold Weakens Its Momentum

Gold holds near the 20-day SMA Oscillators are heading south Gold prices are moving back and forth of the 2,320 barrier and the 20-day simple moving average (SMA), while remaining in a positive territory. However, the technical oscillators are weakening their momentum. The MACD is standing beneath its trigger line above the zero level, while […]
11/04/2024

Sunset Market Commentary

Markets The ECB kept its policy rates unchanged. A few members were already inclined to lower rates, but they eventually rallied behind the consensus. In it policy statement, the central bank altered its forward guidance preparing for a likely policy rate cut in June. “If the Governing’s Council’s updated assessment of the inflation outlook, the […]