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NZDUSD has been trading sideways for more than a year Bears try to push below the key support of 0.5855 RSI and MACD detect bearish momentum For the outlook to brighten, a move above 0.6220 may be needed NZDUSD has been falling since September 30, when it hit resistance near the 0.6370 zone, which stopped […]

The post NZDUSD Bears Try to Escape a Range appeared first on Action Forex.

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24/09/2024

Natural Gas Wave Analysis

Natural Gas rising inside impulse waves 3 and (3) Likely to reach resistance level 3.150 Natural Gas continues to rise inside the impulse waves 3 and (3), which recently broke the resistance area located between the key resistance level 2.600 and the 50% Fibonacci correction of the downward impulse from June. The breakout of this […]
23/04/2024

Strong Profit-Taking in Gold or Beginning of Reversal?

Gold is under pressure this week, having pulled back to the $2300 per troy ounce level. The decline since Friday’s close is over 3.7%. The formal trigger is a more moderate escalation in the Palestinian-Israeli conflict than expected at the beginning of the month. However, we view the current pullback as a welcome technical correction […]
17/04/2024

USDJPY on the Verge of Hitting 155.00 Milestone

Overbought signals persist as USDJPY approaches the 155.00 level Bullish trend expected to hold strong above 151.00 After an explosive bullish session on Monday, USDJPY is now a short distance below the 155.00 psychological level, recording its sixth consecutive week of gains and reaching its highest level since May 1990. The RSI and the stochastic oscillator are […]