AUD/USD stayed in range of 0.7128/7313 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 0.7313 will resume the rebound from 0.6992 to 0.7555 resistance. However, break Read more…
USD/CAD’s late rebound and break of 1.2569 minor resistance last week suggests short term bottoming at 1.2448, after touching trend line support. Initial bias is back on the upside for 1.2619 support turned resistance first. Read more…
EUR/GBP edged lower to 0.8304 last week but recovered again. Initial bias is neutral this week first. Considering bullish convergence condition in 4 hour MACD, firm break of 0.8377 will indicate short term bottoming. Intraday Read more…
Range trading continued in EUR/AUD last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support zone. Read more…
EUR/JPY’s decline last week suggests that rebound from 127.36 has completed at 131.59. More importantly, the consolidation pattern from1 34.11 is extend with another falling leg. Initial bias stays on the downside for 127.36 and Read more…
GBP/JPY’s sharp decline last week suggests that rise from 148.94 has completed at 157.74, ahead of 158.19 high. Fall from 157.74 is seen as the third leg of the consolidative pattern from 158.19. Initial bias Read more…
EUR/CHF’s fall last week suggests that corrective rebound from 1.0324 has completed at 1.0510 already. Initial bias remains on the downside this week for 1.0324 first. Firm break there will resume larger down trend from Read more…
It’s not Omicron nor Fed rate hike, but earnings. Bullish investors appeared to have finally gave up after disappointing Netflix report last week. NASDAQ led other major indexes sharply lower, and dragged down cryptocurrencies too. Read more…
Monday, Jan 24, 2022 Tuesday, Jan 25, 2022 Wednesday, Jan 26, 2022 Thursday, Jan 27, 2022 Friday, Jan 28, 2022 The post Summary 1/24 – 1/28 appeared first on Action Forex.
Summary United States: The Housing Market Closes Out a Strong Year The state of the housing market was the predominant theme in what was otherwise a quiet week for economic data. Mounting inflation concerns and Read more…