Logo-color Logo-white

USDCHF retains a neutral pace ahead of US CPI inflation Encouraging signals detected, but rally above 0.8600 required USDCHF has been gently moving sideways, unable to post durable gains above the 0.8500 level after the bounce off a nine-month low of 0.8331 at the end of 2023. Both the RSI and the MACD have been […]

The post USDCHF Steady Within Bearish Channel appeared first on Action Forex.

previous

Is Oil Headed for Another Supply War?

next

WTI Crude Oil Remains Within Descending Channel

Read More

11/04/2024

Natural Gas Wave Analysis

Natural gas reversed from key resistance level 2.035 Likely to fall to support level 1.860 Natural gas recently reversed down from the key resistance level 2.035 (former strong support from the end of January and the monthly high from March). The downward reversal from the resistance level 2.035 stopped the previous minor impulse wave i. […]
21/05/2024

EURJPY Wave Analysis

EURJPY broke resistance level 169.40 Likely to rise to resistance level 171.00 EURJPY is currency under the bullish pressure after the recent breakout of the minor resistance level 169.40, which reversed the price last week. The breakout of the resistance level 169.40 accelerated the active impulse wave iii, which belongs to the higher order impulse […]
11/06/2024

GBP/USD Shrugs as UK Unemployment Rises, GDP Next

The British pound is drifting on Tuesday. GBP/USD is trading at 1.2720 in the European session at the time of writing, down 0.08% on the day. The UK released the May employment report earlier today. Next up is GDP on Wednesday, with a market estimate of 0% m/m for April, following a 0.4% gain in […]