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European currencies are holding near four-week highs at the start of the week. Following the volatile swings sparked by Jerome Powell’s remarks at the Jackson Hole symposium, the market has yet to form a clear scenario: the dollar corrected but then came under renewed pressure. As a result, EUR/USD and GBP/USD managed to test key […]

The post Pound and Euro Hold Ground—Statistics in Focus appeared first on Action Forex.

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12/05/2025

USDCAD Wave Analysis

USDCAD: ⬆️ Buy USDCAD reversed from support area  Likely to rise to resistance level 1.3980 USDCAD currency pair recently reversed up from the support area between the support level 1.3800 (which has been reversing the price from April), lower daily Bollinger Band and the support trendline of the daily down channel from March. The upward […]
06/12/2023

Dow Jones is Close to a Peak

The Dow Jones index has switched into consolidation mode, joining the S&P500 and Nasdaq100, which did so almost two and three weeks ago, respectively. This could be consolidation before a spurt to new highs, but it’s more likely that we’re seeing a depletion of growth. The Dow Jones index is trading just 0.8% away from […]
03/02/2025

What Next: US Job Market and BoE Rate Decision

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