Logo-color Logo-white

USDJPY in a steady advance after pullback halts at 50-day SMA Momentum indicators are strengthening in their positive zones USDJPY experienced a strong setback from its 34-year high of 160.20 following an intervention by Japanese authorities in late April. However, the pair has been in a steady uptrend since then, attempting to revisit its recent multi-year highs. […]

The post USDJPY Reapproaches Multi-Year Highs appeared first on Action Forex.

previous

Investors’ Focus Will be on Europe

next

AUDCAD Bulls Stay in the Driver’s Seat

Read More

04/03/2024

Gold Wave Analysis

Gold approached key resistance level 2090.00 Likely to correct down to support level 2050.00 Gold today rose sharply after the price broke through the key resistance level 2050.00 (which has been reversing the price from the start of January). The price is currently trading close to the key resistance level 2090.00, former monthly high from […]
29/03/2024

EUR/USD Falls to Five-Week Low

The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%. It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year. Earlier today, EUR/USD dropped as low as 1.0768, its lowest level since February 21. Weak German […]
10/07/2024

Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking for Dips to Find Support

Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 ended wave (4). The metal has turned higher again in wave (5) as the 1 hour chart below shows. It still needs to break above the previous wave (3) peak at 32.51 to rule out a larger double correction. Up from wave […]