AUD/USD’s decline argues that corrective recovery from 0.6442 has completed at 0.6594. But as a temporary low was formed at 0.6486, initial bias is neutral this week first. On the downside, below 0.6486 will target Read more…
USD/CAD edged higher to 1.3605 last week but retreated again. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the Read more…
GBP/JPY retreated to 189.02 last week but recovered since then. Initial bias is turned neutral this week first. Risk is mildly on the downside as long as 191.29 resistance holds. Firm break of 188.90 resistance Read more…
EUR/JPY dipped to 161.67 last week but recovered since then. Initial bias is turned neutral this week first. Another decline is mildly in favor as long as 163.70 resistance holds. Below 161.67 will target channel Read more…
EUR/GBP recovered last week but failed to break through 0.8577 so far. Initial bias remains neutral this week first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now Read more…
EUR/AUD’s rebound from 1.6127 resumed last week and edged higher to 1.6692, but retreated since then. Initial bias stays neutral this week first. Current development suggests that whole correction from 1.7062 should have completed with Read more…
EUR/CHF’s rally from 0.9252 continued last week and hit as high as 0.9603. Initial bias stays on the upside this week for 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. For now, Read more…
Monday, Mar 4, 2024 Tuesday, Mar 5, 2024 Wednesday, Mar 6, 2024 Thursday, Mar 7, 2024 Friday, Mar 8, 2024 The post Summary 3/4 – 3/8 appeared first on Action Forex.
U.S. Highlights January’s personal and income spending report landed just where it was expected to, with the only surprise coming from a bigger than expected lift from nominal personal income growth. The Fed’s preferred measure Read more…
Summary United States: Economic Growth Continues Despite Downbeat Data Economic data were downbeat this week, as downward revisions took some of the shine out of the marquee headline numbers. Durable goods orders declined, consumer confidence Read more…