Logo-color Logo-white

USDCHF finds strong obstacle at 200-day SMA MACD endorses negative momentum; RSI near oversold region USDCHF plunged to a new more than two-month low of 0.8879 today but has found support at the 200-day simple moving average (SMA) in the 0.8895 area.   The pair is currently in a bearish retracement with the 20- and the 50-day SMAs […]

The post USDCHF Posts More Than 2-month Low appeared first on Action Forex.

previous

ECB Cuts Rates as Expected, US Jobs Report Today’s Main Event

next

USD/JPY Steady Despite Soft Household Spending

Read More

02/12/2024

EURJPY Wave Analysis

EURJPY broke support zone  Likely to fall to support level 156.00 EURJPY currency pair recently broke the support zone located between the support level 160.00 and the 61.8% Fibonacci correction of the upward impulse from September. The breakout of the support level 160.00 accelerated the C-wave of the active ABC correction (2) from the end […]
20/11/2024

Sunset Market Commentary

Markets News agency Reuters reported just before the start of European trading that Russian President Putin would be open to talks on a ceasefire deal in Ukraine with the US. He wants a carve-up of four regions in the south—east of Ukraine that Russia annexed in 2022, but doesn’t fully control. It caused a positive […]
06/12/2023

US Private Sector Slowed Hiring, ADP Says

ADP reported a 103k increase in new private sector jobs in the US, against expectations of 130k and 106k (revised from 113k) a month earlier. This indicator was designed as the last insight on the jobs market before the official data. In the last three months, according to ADP, the private sector has been creating […]