Logo-color Logo-white

Following the CPI data release on Tuesday, the price of Gold dropped from its recent high at $2,000 all the way through to the $1980 region where it is currently sitting. As we anticipate what could be next for the yellow metal ahead of the Retails sales data release from the US. In the meantime, […]

The post XAUUSD: What To Expect Now appeared first on Action Forex.

previous

EURGBP Reaches Lower Limit of Range

next

U.S. Retail Sales Opens 2024 on a Subdue Note

Read More

08/07/2024

GBPUSD Wave Analysis

GBPUSD rising inside wave 2 Likely to rise to resistance level 1.2850 GBPUSD currency pair recently reversed up from the key support level 1.2630 (which also stopped the earlier impulse ii at the end of June). The support level 1.2630 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of […]
11/04/2024

EUR/USD Outlook Ahead of ECB Main Refinancing Rate and Monetary Policy

Talking Points European Central Bank – ECB US Consumer Price Index – US CPI EUR/USD Technical Analysis – Weekly Chart EUR/USD has been grappling with significant pressure over the past few weeks, caught between the influence of inflation data and the ongoing speculation on the USA and Euro Zone interest rate paths. Since January 1st, […]
29/01/2024

GBPCAD Wave Analysis

GBPCAD reversed from major resistance level 1.7240 Likely to fall to support level 1.7000 GBPCAD currency pair recently reversed down from the major resistance level 1.7240 (which has been reversing the price from the end of August). The downward reversal from the resistance level 1.7240 created eth daily candlesticks reversal pattern Dark Cloud Cover. Given […]