Gold spiked up today, after finding support once again near the 1,660 zone yesterday. Although some further recovery may be on the cards, the precious metal remains in a downtrend and this is supported by the fact that it is trading below a downside line drawn from the high of August 10, as well as […]
The post Gold Rebounds from 1,660 Again But Stays in Downtrend appeared first on Action Forex.
USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…
After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 Read more…
USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…