Logo-color Logo-white

USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading upwards again.  The momentum oscillators are confirming the recent bearish movement. The RSI is pointing downwards, falling beneath the neutral […]

The post USDJPY Meets 152.00 Key Level appeared first on Action Forex.

previous

Review of RBNZ: Another 50bp in February More Likely Than Not

next

US 100 Index Rally Loses Steam

Read More

04/01/2024

WTI Oil Futures Battle With Descending Trendline

WTI futures attempt to break above crucial trendline  But their advances are constantly held down  Momentum indicators suggest a cautiously positive tone WTI oil futures (February delivery) have been on the retreat since their October peak of 89.85, breaking below consecutive support zones. Although the price has been trying to recover some ground in the last few sessions, the downward […]
28/08/2024

AUD/USD Outlook: Lacks Strength to Hold Gains on Above Forecast Australian CPI

AUDUSD hit new 8-month high in Asian session on Wednesday, lifted by higher than expected Australian July CPI, but was so far unable to hold gains above 0.6800 mark. Although subsequent dip was shallow, it sends initial warning that larger rally from 0.6348 (Aug 5 spike low) might be running out of steam. Triple consecutive […]
11/07/2024

Pound on the Offensive

Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the fastest pace since early 2023, although it’s about […]