Logo-color Logo-white

EURJPY bounces back after 50-day SMA prevents decline But reverses lower again, finding support at descending trendline Momentum indicators are neutral-to-negative EURJPY has been sliding lower in the short term, following its rejection at 161.85 in late January. Despite its temporary rebound at the 50-day simple moving average (SMA), the pair has been on the retreat again, […]

The post EURJPY Rotates Lower as Rebound Falters appeared first on Action Forex.

previous

EUR/USD Drops Again While USD/CHF Regains Strength

next

GBP/USD – A Bearish Reversal at a Key Fib Level?

Read More

15/11/2024

The Real Wage Overhang Hangover

Wages growth has peaked and started declining. At current rates, even quite low productivity growth would be compatible with inflation being sustained at target. So why is the RBA so worried? The Wage Price Index increased 0.8% in the September quarter and 3.5% over the year. This was in line with our expectations but – […]
02/09/2024

CADJPY Wave Analysis

CADJPY reversed from key support level 105.00 Likely to rise to resistance level 110.00 CADJPY currency pair recently reversed up with the weekly Hammer from the key support level 105.00 (which has been reversing the price from the middle of 2023). The support level 105.00 was strengthened by the lower weekly Bollinger Band and by […]
11/12/2023

EURNZD Wave Analysis

EURNZD reversed from support level 1.7530 Likely to rise to resistance level 1.7800 EURNZD recently reversed up from the strong support level 1.7530, which has been steadily reversing the pair from the middle of January. The support level 1.7530 was strengthened by the lower daily Bollinger Band. Given the strength of the support level 0.9420 […]