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The USD/JPY pair has fallen to a two-month low, trading near 150.07, as geopolitical and trade uncertainties drive investors towards the safe-haven yen. Key factors behind JPY strength The yen’s rise is largely due to growing global risk aversion. Earlier this week, US President Donald Trump announced plans to impose 25% tariffs on cars, semiconductors, […]

The post USD/JPY Hits Two-Month Low as Demand for Safe-Haven Yen Surges appeared first on Action Forex.

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21/12/2023

NZDUSD Wave Analysis

NZDUSD broke key resistance level 0.6200 Likely to rise to resistance level 0.6360 NZDUSD currency pair under the bullish pressure after breaking the key resistance level 0.6200 (which has been reversing the price from the end of July). The breakout of the resistance level 0.6200 accelerated the active minor impulse wave 1 of the medium-term […]
12/08/2024

WTI Wave Analysis

WTI reversed from support zone Likely to rise to resistance level 78.00 WTI crude oil recently reversed up from the support zone set between the strong support level 72.40 (which has been reversing the price from February) and the lower daily Bollinger Band. The upward reversal from this support area stopped the c-wave of the […]
30/07/2024

AUD/USD Outlook: Holds in Extended Consolidation Above Strong Supports

AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days. Bears are taking a breather on stretched daily studies, but remain in play (strong negative momentum, MA’s in full bearish configuration and creating a […]