Tag: Technical analysis
EUR/JPY Price Analysis: Holding Steady at 174.50 Amid Overbought Condition
EUR/JPY is currently trading around 174.30, putting a stop to its three-day decline. The daily chart analysis reveals a rising wedge pattern, which suggests...
Gold Price Analysis: NFP Report Boosts Bullish Sentiment | Forexlive
Last Friday, the price of gold went up after the US NFP report was released. The report showed that the labor market was slowing...
EUR/USD Recovery Continues: Bullish Momentum Intact
The EUR/USD pair continues its recovery, showing bullish momentum as it surpasses the 1.0800 resistance level. A bullish trend line is forming with support...
Forex and Cryptocurrency Forecast for Traders – Action Forex
On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in...
Bulls Gain Control as NZD/USD Closes Above Critical Resistance – Weekly Price Analysis
The NZD/USD pair has shown a positive trend as it closed above the 20 SMA support at 0.6120, indicating bullish momentum. The pair tested...
GBP/USD Price Analysis: Bulls Aim for Daily Close Above 1.2800
The GBP/USD pair experienced an increase of more than 0.20% following the release of the US jobs report for June. The data showed that...
NZD/USD Forecast: Key Resistance at 0.6150 – UOB Group
The New Zealand Dollar (NZD) has the potential to retest the 0.6130 level, according to analysts at UOB Group. However, the major resistance at...
Analyzing USD/JPY Pullback: Insights from Action Forex
The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a correction. It dropped below a key bullish trend line with...
USD/CAD Forecast: Price Approaching Lower Range Bound – Action Forex
USDCAD has been moving back and forth in a sideways range for some time now. Recently, there has been a shift towards negative momentum...
Forex Market Analysis: AUD/USD and NZD/USD Poised for Growth – Action Forex
The Australian Dollar (AUD) and the New Zealand Dollar (NZD) are both showing signs of potential growth against the US Dollar (USD) in the...
Breaking Financial News
December Interest Rate Cut Should Be the Last: Fed Governor Bowman
**December Interest Rate Cut Should Be the Last: Fed Governor Bowman**In a recent speech to bankers in California, Federal Reserve Governor Michelle Bowman expressed...
