USD/CAD was bounded in range trading last week, between 1.2604/2962. Initial bias stays neutral this week first. On the downside, firm break of 1.2619 support will complete a head and should top pattern (ls: 1.2852, Read more…
GBP/JPY rose further to 157.74 last week but retreated ahead of 158.19 resistance. Initial bias is neutral this week for some consolidation first. Further rise is expected as long as 154.86 support holds. Decisive break Read more…
Does the U.S. produce enough solar energy to power your coffee machine? One thing that has never shut down during the pandemic is the sun, and thanks to the sun, in 2020 the world added Read more…
EUR/JPY rose to 131.59 last week but retreated since then. Initial bias stays neutral this week for some consolidations. But further rally is expected as long as 130.01 support holds. Whole consolidation from 134.11 could Read more…
EUR/GBP dropped further to 0.8333 last week but turned sideway since then. Initial bias is neutral this week first for some consolidations. Outlook stays bearish as long as 0.8417 resistance holds. Break of 0.8333 will Read more…
EUR/AUD rebounded notably last week but stayed below 1.5898 resistance. Initial bias remains neutral this week first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support zone. On Read more…
EUR/CHF’s strong rebound last week suggests that a short term bottom was already formed at 1.0324, on bullish convergence condition in 4 hour and daily MACD. Initial bias is now on the upside this week Read more…
It was a roller coaster ride as traders came back for the new year. Markets were in full risk-on mode as worries over Omicron faded. Yet, sentiment turned after more hawkish than expected FOMC minutes. Read more…
Monday, Jan 10, 2022 Tuesday, Jan 11, 2022 Wednesday, Jan 12, 2022 Thursday, Jan 13, 2022 Friday, Jan 14, 2022 The post Summary 1/10 – 1/14 appeared first on Action Forex.
Summary United States: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print The Fed’s more hawkish tone in December’s FOMC minutes set the tone for financial markets this week, overshadowing the record surge in Read more…