Month: July 2022

GBP/JPY dropped notably last week and initial bias stays on the downside this week. Deeper fall could be seen to 159.97 support. Firm break there will raise the chance of rejection by 167.93 long term Read more…

EUR/JPY edged higher to 144.26 last week but reversed from there. Initial bias stays mildly on the downside this week for 137.83 support first. Sustained break there will raise the chance of rejection by 144.06 Read more…

Range trading continued in EUR/GBP last week and outlook is unchanged. Initial bias remains neutral this week first. As long as 0.8484 support holds, further rise is in favor. Break of 0.8720 and sustained trading Read more…

EUR/AUD’s rise from 1.4318 resumed last week and breached 1.5354 support turned resistance. Initial bias stays on the upside this week. Sustained trading above 1.5354 should indicate medium term bottoming at 1.4318. Stronger rally would Read more…

EUR/CHF dropped to as low as 0.9943 last week and breached 0.9970 low. But a temporary low was formed and it quickly recovered. Initial bias is neutral this week first. On the downside, sustained trading Read more…

Extending fall in commodity prices and recession fears were the main theme in the markets last week. Australian Dollar ended as the worst performer, followed by New Zealand Dollar, and then Sterling. However, Canadian Dollar Read more…

Monday, Jul 4, 2022 Tuesday, Jul 5, 2022 Wednesday, Jul 6, 2022 Thursday, Jul 7, 2022 Friday, Jul 8, 2022 The post Summary 7/4 – 7/8 appeared first on Action Forex.

Volatility may pickup later in the week as the RBA makes its decision on an interest rate hike and the US releases FOMC Minutes, as well as NFP. Central Bank heads were in the spotlight Read more…