AUD/USD’s late breach of 0.6362 support indicates down trend resumption. Initial bias is now on the downside this week. Next target is 100% projection of 0.7660 to 0.6680 from 0.7135 at 0.6155. On the upside, Read more…
USD/CAD dipped to 1.3501 last week but rebounded. Initial bias is neutral this week first. On the upside, firm break of 1.3832 will resume larger up trend. Next target is 161.8% projection of 1.2005 to Read more…
Tokyo is cheaper than Seattle? To put cost of living in perspective, here’s a comparison of 35 U.S. cities to their nearest equivalents around the globe. With inflation up 9.1%, Americans are taking a hit Read more…
GBP/JPY rebounded further to 165.69 last week but retreated since then. Initial bias remains neutral this week first. While further rise could be seen, strong resistance might be seen from 169.10 high to limit upside, Read more…
EUR/JPY rose further to 144.06 last week but retreated well ahead of 145.62 high. Initial bias stays neutral this week first. On the upside, firm break of 145.62 resistance will resume larger up trend. However, Read more…
EUR/GBP dropped further to 0.8647 last week but recovered. Initial bias is neutral this week first. On the downside, sustained trading below 55 day EMA (now at 0.8625) will extend the fall from 0.9267 (as Read more…
EUR/AUD rose further to 1.5416 last week but failed to sustain above 1.5396 resistance and retreated. Initial bias stays neutral this week first. Further rally is in favor as long as 1.5047 support holds. Firm Read more…
EUR/CHF’s rebound from 0.9407 extended to 0.9798 last week, but lost momentum again. Initial bias remains neutral this week first. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there Read more…
Monday, Oct 10, 2022 Tuesday, Oct 11, 2022 Wednesday, Oct 12, 2022 Thursday, Oct 13, 2022 Friday, Oct 14, 2022 The post Summary 10/10 – 10/14 appeared first on Action Forex.
Summary Japan’s economy has been reasonably resilient so far in 2022. Growth has been moderate, although confidence surveys suggest mixed prospects for different economic sectors, consistent with only moderate growth ahead. We also expect relatively Read more…