EUR/JPY’s break of 164.16 resistance last week indicates that rise from 154.77 is resuming. Initial bias stays on the upside this week. Next target is 100% projection of 154.77 to 164.16 from 158.27 at 167.66. Read more…
EUR/GBP’s edged lower to 0.8478 last week but recovered since then. Initial bias is turned neutral this week first. On the downside, below 0.8478 will target 55 D EMA (now at 0.8455). Sustained trading below Read more…
EUR/AUD’s fall from 1.8554 extended lower last week and picked up some momentum. The close below 38.2% retracement of 1.5963 to 1.8854 at 1.7750 dampened our original view. Initial bias is now on the downside Read more…
EUR/CHF gyrated lower last week but lacked convincing momentum. Initial bias remains neutral this week first. On the upside, above 0.9445 will resume the rebound from 0.9218, either as a corrective move or the third Read more…
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These days, the retail industry is pretty much unrecognizable compared to what it used to look like. Consider what the average American’s shopping experience looked like a couple of decades ago. Related: Home Depot makes Read more…
Nike has spent decades at the top of the fitness world. From the gym floor to city sidewalks, it’s been the brand athletes and casual walkers reach for without a second thought. But every empire Read more…
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Monday, May 5, 2025 Tuesday, May 6, 2025 Wednesday, May 7, 2025 Thursday, May 8, 2025 Friday, May 9, 2025 The post Summary 5/5 – 5/9 appeared first on Action Forex.
US-China trade optimism improved market sentiment, though US funds still saw outflows. Gold and precious metals experienced net sales after 12 weeks of inflows. The Federal Reserve is expected to hold rates steady, while UK Read more…