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In focus today In the US, we will look out for any announcements following the implementation of Trump’s reciprocal tariffs. Later in the day, Fed’s Barkin is scheduled to speak, and the release of the FOMC minutes could give clues on discussions on the reaction function and the state of USD liquidity. In terms of […]

The post A Day in the Shadow of Reciprocal Tariffs appeared first on Action Forex.

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02/04/2025

GBPAUD Wave Analysis

GBPAUD: ⬇️ Sell GBPAUD reversed from long-term resistance level 2.0820 Likely to fall to support level 2.030 GBPAUD currency pair recently reversed from the resistance area located between the long-term resistance level 2.0820 (former multiyear high from 2020), resistance trendline of the weekly up channel from 2024 and the upper weekly Bollinger Band. The downward […]
09/04/2024

EUR/USD: Holds in Extended Sideways Mode, Initial Negative Signals Developing on Daily Chart

Near-term action remains in a directional mode and ranging between converged 55/200DMA’s (1.0831) and 100DMA (1.0871). Strong rejections in both directions in past few sessions add to neutral stance, with the pair looking for fresh direction signals. Daily studies are mixed, though 14-d momentum bearish divergence and overbought stochastic seen as warning. Expect initial bearish […]
20/03/2024

Time for USDCAD to Go for a Higher High?

USDCAD rises after cooler than expected Canadian inflation A break above 1.3605 could signal uptrend continuation For the outlook to turn bearish, a dip below 1.3455 may be needed USDCAD rose yesterday after the Canadian CPI numbers came in lower than expected. However, the pair found resistance near the key barrier of 1.3605 that’s been preventing […]