Month: October 2022

GBP/JPY rose to as high as 170.07 last week, and met 61.8% projection of 148.93 to 165.69 from 159.71 at 170.06. But subsequent retreat indicates it has already turned into consolidation. initial bias is neutral Read more…

EUR/JPY’s up trend resumed last week and hit as high as 148.38. But subsequent retreats indicates that it’s turned into another consolidation phase. Initial bias is turned neutral this week first. Downside should be contained Read more…

EUR/GBP edged lower to 0.8577 last week but recovered again. Initial bias stays neutral this week first. Further decline is expected as long as 0.8869 resistance holds. Break of 0.8577 will resume the fall from Read more…

EUR/AUD edged higher to 1.5685 last week but turned into consolidation then. Initial bias remains neutral this week first. Downside of retreat should be contained by 1.5165 support to bring another rally. Break of 1.5685 Read more…

EUR/CHF’s rally resumed last week and rose to as high as 0.9883, despite loss of upside momentum. 61.8% projection of 0.9407 to 0.9798 from 0.9641 at 0.9883 was met but there is no sign of Read more…

Monday, Oct 24, 2022 Tuesday, Oct 25, 2022 Wednesday, Oct 26, 2022 Thursday, Oct 27, 2022 Friday, Oct 28, 2022 The post Summary 10/24 – 10/28 appeared first on Action Forex.

There are plenty of events happening this week which could affect markets.  Chances are that volatility remains elevated.  The BOC, ECB and BOJ all meet this week.  With Japan’s intervention last Friday, the BOJ could Read more…

On Friday morning, the US dollar and yields were soaring.  The US Dollar Index was approaching 114.00 again and US 10-year yields were screaming at 4.335%, its highest level since June 2008!  Markets seemed as Read more…

US Wall Street will pay close attention to the first look at third-quarter GDP. After two consecutive quarters of negative readings, growth is expected to bounce back into expansion territory with a 2.3% reading. The Read more…