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The Euro keeps firm tone in early Tuesday and pressuring pivotal barriers at 1.0865/88 zone (Fibo 38.2% of 1.1139/1.0695 fall / 55DMA / Feb 22 spike high). Fresh positive signal on Monday’s close above 200DMA (1.0825) which capped several attacks last week, added strength to recovery leg from 1.0695 (Feb 14 low) which emerged from […]

The post EUR/USD: Bullish Bias Above 200-DMA, Daily Cloud Twist Also to Attract Bulls appeared first on Action Forex.

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USD/JPY: Bulls to Remain in Play While Holding Above Broken Fibo Barrier

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Review of RBNZ February 2024 Monetary Policy Statement

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Bitcoin – Bulls Taking a Breather for Consolidation/Limited Correction

Bitcoin eases on Monday, shifting focus towards the floor of near-term consolidation range (50500) established after larger bulls started to run out of steam and left fresh multi-month peak at 53017 (Feb 20). Early signal of an uptrend’s stall and subsequent correction has been generated from daily RSI bearish divergence and strongly overbought weekly studies. […]
03/05/2024

USD/JPY Calm Ahead of US Nonfarm Payrolls

The Japanese yen has extended its gains on Friday. USD/JPY is trading at 153.26, down 0.27% at the time of writing. It has been a week to remember as the yen has soared 3.2% against the dollar. The yen fell below the 160 level earlier in the week, setting another 34-year record. However, the Japan’s […]
11/11/2024

GBP/USD Chart Analysis: Bears Apply Pressure to Key Support

According to ICE data, the U.S. Dollar Index futures have reached highs last seen in early July 2024. The dollar’s strength is attributed, in part, to anticipated economic stimulus measures outlined by the newly elected President Donald Trump during his campaign. This has put pressure on other currencies paired with the dollar. Currently, the British […]