EURJPY slid to a one-month low of 128.23 on Tuesday but managed to close the day within the 128.80- 128.58 tight support area, clinging to a ray of hope that a bullish reversal could develop in the short term. While the Stochastics are pivoting below 20, flashing oversold conditions, the RSI and the MACD continue […]
The post EURJPY Finds Some Footing But Bears Keep the Lead appeared first on Action Forex.
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…
New Zealand’s ANZ Business Confidence dipped marginally in November, falling from 65.7 to 64.9, but it remains at what ANZ describes as an “impressive high” level. Own Activity Outlook, a key forward indicator, rose to Read more…