Key Highlights EUR/USD is correcting gains from the 1.0750 resistance zone. A key declining channel is forming with resistance near 1.0690 on the 4-hour chart. Gold prices started a downside correction from the $2,010 level. USD/JPY regained strength and was able to clear the 151.50 resistance. EUR/USD Technical Analysis The Euro moved into a bullish […]
The post EUR/USD Could Resume Increase, USD/JPY Rallies appeared first on Action Forex.
Gold prices stabilised around 4,830 USD per ounce on Thursday following a sixth consecutive decline, marking the longest losing streak since late 2024. The market remains under pressure from the Federal Reserve’s hawkish stance, which Read more…
Key takeaways Medium-term downtrend confirmed: Gold (XAU/USD) broke below the $4,960 key support (50-day MA) with a sharp sell-off, invalidating the prior rally as a “dead cat bounce” and signalling the start of a multi-week Read more…
The S&P 500 (SPX) continues to correct the cycle that began from the April 7, 2025 low. The internal subdivision of this correction is unfolding as a double three Elliott Wave structure, which reflects a Read more…