Logo-color Logo-white

GBPUSD rebounds off 200-day SMA But still holds in trading range in short-term RSI and MACD have weak momentum GBPUSD is making an attempt to climb above the short-term simple moving averages (SMAs), posting three straight green days but is still developing within the three-month trading range of 1.2520-1.2785. According to technical oscillators, the MACD […]

The post GBPUSD Tries to Strengthen Bullish Move Above SMAs appeared first on Action Forex.

previous

NZ First Impressions: Retail trade, December Quarter 2023

next

Up Go Stocks, Down Go Bonds

Read More

27/03/2024

USDCHF Wave Analysis

USDCHF broke the resistance level 0.8875 Likely to rise to resistance level 0.9100 USDCHF currency pair recently broke the resistance level 0.8875 (which has been reversing the price from February), intersecting with the 61.8% Fibonacci correction of the downward impulse from October. The breakout of the resistance level 0.8875 accelerated the C-wave of the active […]
17/06/2024

USD/JPY: Bulls Hold Grip for Retest of Pivotal Fibo Barrier

USDJPY firmed further on Monday and partially offset warning from long upper shadow of Friday’s daily candle, as fresh strength looks for retest of pivotal Fibo resistance at 158.22 (76.4% of 160.19/151.85) which capped Friday’s rally. Firm break here to open way towards targets at 160.00/19 (psychological/2024 high, posted on Apr 29). Technical picture on […]
30/07/2024

Bitcoin Dips From $70K Milestone: Are The Dips Supported?

Key Highlights Bitcoin price rallied above the $66,500 and $68,500 resistance levels. BTC is trading above a key bullish trend line with support at $66,000 on the 4-hour chart. EUR/USD extended losses below the 1.0850 support zone. Oil prices are still at risk of more losses below $76.50. Bitcoin Price Technical Analysis Bitcoin price started […]