Category: Cryptocurrencies

GBP/JPY extended the corrective pattern from 168.40 last week and outlook is unchanged. Initial bias remains neutral this week first. Break of 159.59 will extend the correction from 168.40 lower. But downside should be contained Read more…

EUR/JPY stayed in consolidation from 139.99 last week and outlook is unchanged. Initial bias stays neutral this week first. In case of another decline, downside should be contained by 38.2% retracement of 124.37 to 139.99 Read more…

EUR/GBP’s rebound from 09201 resumed by breaking through 0.8511 resistance last week. The development affirms the case that 0.8201 is a medium term bottom. Initial bias stays on the upside this week. Further rally would Read more…

EUR/AUD dipped to 1.4597 last week but quickly recovered. Initial bias stays neutral this week first. On the upside, break of 1.5053 will resume the rebound from 1.4318, and target 61.8% retracement of 1.6223 to Read more…

EUR/CHF rose to as high as 1.0449 last week. The break of 1.0400 resistance confirmed resumption of rise from 0.9970. Initial bias stays on the upside for 100% projection of 0.9970 to 1.0086 from 1.0400 Read more…

While RBA, Fed and BoE announced rate hikes last week, the impacts and reactions were rather delivered. RBA’s larger than expected hike was well received and helped Aussie secured the first place, even though it Read more…

Monday, May 9, 2022 Tuesday, May 10, 2022 Wednesday, May 11, 2022 Thursday, May 12, 2022 Friday, May 13, 2022 The post Summary 5/9 – 5/13 appeared first on Action Forex.

Last week was dominated by volatility as the RBA, Fed and the BOE all gave the markets something more to think about. The RBA hiked rates by more than expected, the Fed took the idea Read more…

U.S. Highlights The Fed raised the monetary policy rate by 50 basis points for the first time since 2000 and signaled more hikes of the same magnitude are in the works. The economy added more Read more…