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The recent Euro strength in the past week has fizzled out. The ongoing trend of the 2-year yield premium shrinkage between the 2-year German Bunds over Japanese Government Bonds reinforced further potential downside in EUR/JPY. Watch the 155.45 downside trigger level of the EUR/JPY. After a multi-month downtrend in the Euro Currency Index from the […]

The post EUR/JPY Technical: On the Verge of a Potential Bearish Breakdown After 6 Months of Consolidation appeared first on Action Forex.

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USDJPY at Risk: Trend Reversal or Bearish Continuation?

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NZD/USD Finds Stability—Will The Recovery Continue To 0.6000?

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04/02/2025

AUD/USD Stagnates as US-China Trade War Begins

AUD/USD remains below 20-SMA as the US and China exchange tariffs. Downside risks persist; buyers eye 0.6330 for a bullish shift. AUDUSD plummeted to a nearly five-year low of 0.6086 on Monday before bouncing back to the 0.6200 region. The recovery followed last-minute trade talks between the U.S. and its neighbors Mexico and Canada, which […]
12/02/2025

Gold Price Eases from New Record High, Supportive Fundamentals Suggest Dips Likely Limited

Gold price dipped on Tuesday on partial profit taking, as traders reacted on overbought daily studies, against very supportive fundamentals. The price spiked to new record high ($2942) earlier today as the latest set of tariffs on steel and aluminium imports in the US raised concerns of escalation of trade war, which could cause a […]
25/04/2024

AUD/USD: Extended Recovery Attacks Key Resistance Zone Again

Strong rally extends into fourth consecutive day and retests pivotal barriers at 0.6526/29 (converged 200/55DMA’s) which capped attack previous day. Fresh strength offsets for now bearish signal on formation of daily inverted hammer candlestick on Wednesday, left after upside rejection and subsequent pullback. Aussie dollar was boosted by hotter than expected Australia’s inflation and keeps […]