Tag: currency pair
EUR/USD Rebounds as Eurozone PMI Data Disappoints – Action Forex
The euro initially dropped on Wednesday but has since bounced back. In the current North American trading session, EUR/USD is at 1.0860, showing a...
EUR/JPY Forecast: Plunges to 5-Week Low on BoJ Rate Hike Signals
EUR/JPY experienced a significant drop of almost 1% on Tuesday due to the strengthening of the yen following hawkish discussions that suggest the Bank...
AUDUSD Price Analysis: Breaks Below Key Support at 0.6690 – Action Forex
AUDUSD has been on a downward trend since July 15, with the bears breaking through the key support level of 0.6690. The pair is...
Weekly Outlook: GBP/USD Forecast and Analysis
Last week, GBP/USD saw a rise to 1.3043 before pulling back. This week, the initial bias is neutral as the currency pair looks to...
AUDCAD Uptrend Analysis and Forecast – Action Forex
AUDCAD saw a bounce today from just above the 0.9270 support level, which indicates positive momentum. The pair has been consistently forming higher highs...
USDJPY Technical Analysis: Key Breakout Boosts Bearish Momentum
The USDJPY pair continues to show bearish momentum as the USD remains weak due to resilient US growth and falling inflation. Despite concerns about...
EURJPY Pulls Back from 32-Year High: Forex Trading Update
EURJPY recently hit its highest level since January 1992 but faced a pullback following suspected intervention from Japan. Despite this correction, the pair is...
USD/CAD Forecast: Daily Analysis and Updates – Action Forex
The USD/CAD pair has shown some interesting movements recently, with a break of the 1.3652 resistance level indicating a possible short-term bottom at 1.3588....
USD/CHF Weekly Forecast: Latest Analysis and Trends – Action Forex
The USD/CHF pair experienced a decline from 0.9049 last week, despite a temporary recovery. It was anticipated that the bounce back from 8825 would...
USD/JPY Weekly Forecast: Latest Analysis and Trends
The USD/JPY pair experienced a significant drop last week, indicating a short-term peak at 161.94. The presence of bearish divergence in the D MACD...