Logo-color Logo-white

NZDUSD is lower today after the RBNZ’s decision to keep rates unchanged It trades a tad above a very busy support area Momentum indicators are possibly preparing to send bearish signals NZDUSD is recording its third consecutive red candle, crashing lower after the RBNZ’s decision disappointed certain market analysts expecting a rate hike earlier today. […]

The post NZDUSD Drops Aggressively, Prepares to Test a Key Area appeared first on Action Forex.

previous

Apple Scraps EV, Joins AI Race

next

EURGBP Consolidates above 20-day SMA

Read More

19/12/2023

USD/JPY: Strong Acceleration After Dovish BoJ Deflated Yen

USDJPY was sharply up during the late Asian/European session on Tuesday (up 1.3% so far) in strong acceleration after dovish Bank of Japan deflated yen. The central bank kept its ultra-loose monetary policy unchanged and maintained forward guidance, disappointing those who expected signals about the start of tightening cycle. The pair is in near-term recovery […]
21/08/2024

Elliott Wave Analysis on EURUSD Impulsive Rally Favors the Bull Side

Short Term Elliott Wave View in EURUSD suggests that pair is close to form a bullish sequence. A break above the previous high on 12.28.2023 at 1.1139 suggests the next leg higher has started. Near term, rally from 6.26.2024 low is unfolding as a 5 waves impulsive structure. Up from 6.26.2024 low, wave 1 ended […]
11/11/2024

USD/JPY Outlook: Bulls Regain Control After Correction

USDJPY regained traction and bounced from 152.14 (low of two-day pullback from new multi-week tops), offsetting negative signal from bull-trap on weekly chart (failure to register weekly close above 153.40 (Fibo 61.8% of 161.95/139.57). Fresh strength signals that the dollar is likely to continue benefiting from renewed Fed hawkishness on expectations that Trump’s administration will […]