EURUSD in a clear downtrend, posting a fresh 5-month bottom of 1.0614 The descending 50-day SMA is approaching 200-day SMA, setting the stage for a death cross Momentum indicators are heavily skewed to the bearish side EURUSD has been in a steady decline after peaking at the 18-month high of 1.1275 on July 18, generating a […]
The post EURUSD Extends Decline to a Fresh 5-month Low appeared first on Action Forex.
The yen is almost unchanged on Monday. In the European session, USD/JPY is trading at 156.37, up 0.06% on the day. We can expect a quiet day, as the US observes Martin Luther King Day Read more…
Classified as the world’s narrowest country due to the way it stretches like a ribbon along the west coast of the South American continent, Chile saw over five million international visitors in 2024. It is Read more…
USDJPY, Daily In the Daily timeframe, USDJPY has formed a rising wedge pattern. The price bounced off the lower trend line and MA50. The Stochastic is out of oversold range and indicates a possible upside. Read more…