Tag: Price movement
Crude Oil Technical Analysis: Key Breakout Boosts Bullish Momentum
Crude oil prices have been on the rise after surpassing the crucial $80 resistance level, driven by various positive factors in the market. The...
EURUSD Price Action Analysis: 4-Hour Chart MA Break and Swing Area Test
The EURUSD has experienced a downward rotation due to rising yields, despite weaker ISM data and a ruling in favor of Donald Trump by...
EURUSD Price Analysis: Currency Pair Rebounds from 8-Week Low – Action Forex
EURUSD saw a slight rebound from an 8-week low as it traded within a range of 1.0665-1.0720. The moving averages showed a bearish crossover,...
USDCHF Technical Analysis: Approaching Key Resistance Level
The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps...
USDJPY Price Analysis: Will USDJPY Break Above 160 Level? – Action Forex
USDJPY is currently trading below the critical 160 level with weak momentum. There are signs of overbought conditions, indicating that sellers may be waiting...
EUR/USD Forecast: Latest Analysis and Updates – Action Forex
EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to...
EUR/USD Weekly Forecast: Latest Analysis and Trends for Traders
EUR/USD maintained its position above 1.0667 throughout the previous week, with the outlook remaining the same. The initial bias for this week is neutral,...
GBP/JPY Forecast: Weekly Analysis and Outlook for Traders
GBP/JPY continues its upward trend, reaching as high as 202.01 after a brief retreat. The initial bias for this week is on the upside,...
AUDCAD Forecast: Bullish Momentum Continues – Action Forex
AUDCAD saw a strong rebound on Tuesday, surpassing the key resistance level of 0.9125. The pair is currently trading above a previous upward channel...
Gold Price Consolidates Above $2,300: Analysis and Forecast
Gold prices are holding steady above $2,300 as uncertainty looms around the Federal Reserve's rate-cut decisions. The Fed's recent hawkish outlook has led to...