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Global trade concerns continue to influence currency movements. The Australian Dollar and other risk-sensitive currencies have risen recently as the US Dollar weakened. However, fresh worries about new US tariffs have again put pressure on these currencies. Earlier in February, US President Donald Trump temporarily boosted markets by postponing a 25% tariff on Canadian and […]

The post EURAUD Technical Analysis appeared first on Action Forex.

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27/05/2024

EURUSD Ticks Up Before Testing Descending Trendline

EURUSD retreats from a fresh 2-month high of 1.0894 But meets support a tad above its long-term restrictive trendline Oscillators suggest bulls remain in charge despite the latest drop EURUSD had been in a steady advance following its 2024 bottom of 1.0600 on April 16. However, the pair reversed lower after its rejection at a fresh two-month […]
29/10/2024

GBPUSD Moves Horizontally Within 1.2900 – 1.3000

GBPUSD loses momentum near uptrend line Stochastic ticks higher, but RSI flattens GBPUSD headed south in the preceding week, breaking the long-term ascending trendline to the downside. However, the pair is currently holding within a tight range after failing to extend the bearish tendency, but there is strong resistance at the 1.3000 round number. According to technical oscillators, the stochastic is moving […]
28/01/2025

Bitcoin Price Holds Above $100k. For Now?

In our previous analysis of the BTC/USD chart, we highlighted the increasing volatility in the cryptocurrency market leading up to Trump’s inauguration. Today, the BTC/USD chart shows that the presidential inauguration triggered a peak in the ATR indicator, reflecting heightened market activity amid the launch of $TRUMP and $MELANIA memecoins. Crypto enthusiasts closely followed mentions […]