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Bearish Scenario: Selling below 0.6516 with TP1: 0.65, TP2: 0.6487, and upon its breakout TP3: 0.6469. It is recommended to place a stop loss above 0.6541, at least 1% of the account capital. Trailing stop can be used. Bullish Scenario: Buying above 0.6540 with TP1: 0.6572, TP2: 0.6594, and TP3: 0.66. It is recommended to […]

The post AUDUSD: Initiating Macro Bearish Reversal appeared first on Action Forex.

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11/03/2024

Japanese Yen Rally Continues as GDP Ticks Higher

The Japanese yen continues to make inroads against the US dollar. In Monday’s European session, USD/JPY is trading at 146.54, down 0.35%. The yen notched its fourth straight winning day on Friday and surged 2% last week. Japan’s GDP revised upwards to 0.1% Japan’s GDP for the fourth quarter was revised upwards to 0.1%, compared […]
16/04/2024

NZD Hits Five-Month Low Against Strong US Dollar

The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve might delay interest rate cuts expected in 2024. The prevailing expectation in the stock market is that […]
21/08/2024

Payrolls Revision Flagged as Potential Gamechanger

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