Tag: Technical analysis
USD/CAD Decline: Exploring Bearish Potential – Action Forex
USD/CAD has experienced a recent decline after facing resistance at the 1.3750 level. The pair broke below a significant bullish trend line with support...
Sunset Market Analysis – Actionable Insights for Forex Traders
European markets experienced a risk-on movement today, following a record close of the US S&P 500 above the 5500 mark. This positive sentiment also...
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...
USD/JPY Forecast: Key Level to Monitor is 163.00 Above 162.00
The US Dollar (USD) continues to show strength, with a potential test of the resistance at 162.00 on the horizon. If the USD manages...
Forex Market Analysis: Weekly Outlook (01-05 July)
This week in the forex market, there are several key events and data releases to keep an eye on. On Monday, we have important...
GBPJPY Hits 16-Year High – Forex Analysis and Updates
GBPJPY has been on a winning streak, marking a new 16-year high at 203.57 after ten consecutive days of gains. While this positive momentum...
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...
USD/JPY Breaks Through 160.00 Barrier to Hit New Multi-Decade Highs
The USD/JPY pair surged to a new multi-decade high above the 160 level on Wednesday, signaling a strong bullish momentum in the market. Despite...
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...
USD/CNH Forecast: Potential Break Above 7.3000 to Reach 7.3100 – UOB Group
The US Dollar (USD) is expected to increase in value according to analysts at UOB Group. However, they do not foresee the USD reaching...
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...
