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EUR/USD started a fresh decline below the 1.0810 support. USD/CHF is rising and might aim a move toward the 0.8800 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0900 resistance and declined against the US Dollar. There was a break above a short-term bearish trend line with resistance […]

The post EUR/USD Drops Again While USD/CHF Regains Strength appeared first on Action Forex.

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27/02/2024

Sunset Market Commentary

Markets US President Trump easily beat his remaining contender in the Republican primaries, Nikki Haley, in her home state South Carolina this weekend. He cements his grip over the GOP and is gearing up for a duel against President Biden (?) in November elections. We assumed that Trump momentum and USD momentum would go hand […]
19/02/2024

Gold Wave Analysis

Gold reversed from support level 1980.00 Likely to rise to resistance level 2050.00 Gold recently reversed up from the support level 1980.00 (which formed the daily Morning Star in December), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November. The upward reversal from the support level […]
19/03/2024

Crude Oil Price Reclaims $80, Can Bulls Push It To $85?

Key Highlights Crude oil bulls are eyeing an upside break above the $82.80 resistance. There was a break above a major bearish trend line with resistance at $79.45 on the 4-hour chart. Gold prices started a downside correction from the $2,195 zone. Bitcoin struggled above $72,000 and corrected below $70,000. Crude Oil Price Technical Analysis […]