USD/CAD recover ahead of 1.3207 cluster support (61.8% retracement of 1.2726 to 1.3976 at 1.3204) last week. But upside is limited well below 1.3494 support turned resistance. Initial bias remains neutral this week first. On Read more…
Last week’s recovery suggests that GBP/JPY’s correction from 172.11 has completed at 163.20, after hitting 38.2% retracement of 148.93 to 172.11 at 163.25. Initial bias is mildly on the upside for retesting 172.11 high first. Read more…
EUR/JPY recovered last week but failed to sustain above 4 hour 55 EMA. Initial bias is turned neutral this week first. Correction from 148.38 might have completed at 142.54. Break of 147.09 resistance will indicate Read more…
EUR/GBP’s late breach of 0.8689 minor support argues that recovery from 0.8570 has completed at 0.8827. Initial bias is now on the downside this week for retesting 0.8570 support first. Firm break there will resume Read more…
EUR/AUD recovered after dipping to 1.5254 last week and outlook is unchanged. Initial bias stays neutral this week first. While corrective pattern from 1.5704 might extend, downside should be contained by 55 day EMA (now Read more…
EUR/CHF’s recovery last week suggests that pull back from 0.9953 has completed at 0.9720, after drawing support from 38.2% retracement of 0.9407 to 0.9953 0.9744. Initial bias is mildly on the upside this week for Read more…
Monday, Nov 21, 2022 Tuesday, Nov 22, 2022 Wednesday, Nov 23, 2022 Thursday, Nov 24, 2022 Friday, Nov 25, 2022 The post Summary 11/21 – 11/25 appeared first on Action Forex.
With the Thanksgiving holiday in the US on Thursday, markets may be slow towards the end of the week. Friday is also a half-day in for markets in the US. However, that also means that Read more…
Summary United States: Even with Encouraging Inflation Developments, Economic Resilience Continues to Challenge the Fed In line with last week’s CPI performance, the headline PPI increased 0.2% sequentially, two-tenths below expectations. The resiliency of the Read more…
It’s the busiest shopping season of the year, and Amazon is rolling out the red carpet with these short-lived lightning deals. Amazon announced this week that they will be hosting huge discounts during a 48-hour Read more…