EURUSD rebounded off the 20-month low of 1.1120 that it posted in the previous week after the aggressive downside move below the short-term ascending trend line. Technically, the 20- and 40-day simple moving averages (SMAs) are ready for Read more…
EUR/USD USD/JPY GBP/USD EURGERMANY40 US30 The post Daily Technical Analysis appeared first on Action Forex.
Markets US stock markets ended the week in the way they started: with serious volatility. Opening gains quickly faded into <1% declines before a furious late-session rally hurled the likes of the Nasdaq to more Read more…
American futures tilted higher cautiously as investors waited for key quarterly earnings scheduled for this week. Some of the top companies expected to publish their results are Amazon, Alphabet, AMD, Pentair, Meta Platforms and Electronic Read more…
Market movers today We kick off the week with euro area GDP figures for Q4. We expect that growth has edged out a small plus of 0.4% q/q, but the recovery pace cooled markedly at Read more…
Gold price failed to clear the $1,850 resistance and corrected lower against the US Dollar. The price broke the $1,825 support level to move into a short-term negative zone. Besides, there was a break below Read more…
Daily Pivots: (S1) 1.1121; (P) 1.1148; (R1) 1.1173; More… Intraday bias in EUR/USD remains mildly on the downside for the moment. Current down trend should target 61.8% projection of 1.1908 to 1.1185 from 1.1482 at Read more…
Daily Pivots: (S1) 1.3363; (P) 1.3398; (R1) 1.3430; More… Further decline is expected in GBP/USD with 1.3523 minor resistance intact. As noted before, rebound from 1.3158 has completed at 1.3748 already, and down trend from Read more…
Daily Pivots: (S1) 0.9291; (P) 0.9310; (R1) 0.9331; More…. Intraday bias in USD/CHF remains mildly on the upside for retesting 0.9372 resistance first. Break will resume the choppy rise from 0.8925 to 0.9471. On the Read more…
Daily Pivots: (S1) 115.01; (P) 115.35; (R1) 115.58; More… Intraday bias in USD/JPY remains mildly on the upside for retesting 116.34 high first. Decisive break there will resume larger up trend for 118.65 long term Read more…