Logo-color Logo-white

Key insights from the week that was. In Australia, the latest Westpac-MI Consumer Sentiment Survey provided another encouraging update on the health of the consumer. An impressive 11.8% rebound over the past two months has left the headline index at 94.6, the strongest reading in over two-and-a-half years and well within striking distance of a […]

The post Cliff Notes: Burgeoning Confidence appeared first on Action Forex.

previous

USD/JPY Extends Gains: Is More Upside Ahead?

next

EUR/USD Closed at New YTD Low

Read More

09/07/2024

GBP/USD Strengthens: Analyzing Further Upside Opportunities

Key Highlights GBP/USD climbed higher above the 1.2780 resistance zone. The pair is signaling a strong bullish momentum above 1.2800 on the 4-hour chart. Oil prices corrected lower from the $84.65 zone. Bitcoin is struggling to start a recovery wave above $60,000. GBP/USD Technical Analysis The British Pound formed a base above the 1.2620 level […]
19/06/2024

AUDCAD Bulls Stay in the Driver’s Seat

AUDCAD rebounds and breaks above 0.9125 Overall, it remains above a prior upside channel The advance may continue towards the 0.9230 zone A dip below 0.9000 could signal a bearish correction AUDCAD rebounded strongly on Tuesday, extending its recovery above the key resistance zone of 0.9125. Overall, the pair is trading above the upper bound of […]
04/09/2024

USDJPY Trapped in a Gloomy Trajectory

USDJPY drifts back below 147.00 area; tests support trendline Technical picture signals bearish trend continuation USDJPY was unable to maintain its strength on Tuesday despite briefly surpassing the 147.00 level, as the 20-day exponential moving average (EMA) caused a retreat towards the support trendline from July 2023 at 144.75. The technical indicators cannot guarantee an immediate bullish rotation as […]