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The past week will go down in history as the Bank of Japan (BoJ) hiked the policy rate for the first time in 17 years while the Swiss National Bank (SNB) cut its rate, becoming the first G10 central bank to do so in the current cycle. The BoJ decided to set the overnight call […]

The post Weekly Focus – Historical Central Bank Week: A Hike and A Cut in G10 appeared first on Action Forex.

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31/01/2024

CADJPY Perfect Reaction Higher From Equal Legs Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the CADJPY. The rally from the 07 December 2023 low showed a higher high sequence & provided a short-term extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a […]
02/02/2024

Technical Outlook and Review

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