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The week started on a slow but hopeful note for European markets, with expectations that Trump’s latest 50% tariff threat on European imports would accelerate negotiations. And that’s what the latest headlines suggest. As a result, the Stoxx 600 rebounded around 1% yesterday, the DAX led gains with a 1.68% advance, the CAC added 1.21%, […]

The post Rallies on Thin Ice appeared first on Action Forex.

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08/11/2024

EUR/USD Outlook: Bears Hold Grip But Prolonged Consolidation May Precede Fresh Push Lower

EURUSD weakened on Friday after recovery attempts from new multi-month low (1.0682), hit after Wednesday’s post-election 1.7% fall (the biggest daily loss since 19 Mar 2020), failed to clear daily Tenkan-sen (1.0809). Formation of bull-trap pattern on daily chart adds to weak near term outlook as Wednesday’s massive bearish daily candle weighs heavily, technical studies […]
21/03/2025

EURCAD Wave Analysis

EURCAD: ⬇️ Sell EURCAD reversed from the resistance zone Likely to fall to support level 1.5400 EURCAD currency pair recently reversed sharply from the resistance zone between the key resistance level 1.5800 (former major resistance from 2020) and the resistance trendline of the weekly up channel from 2022. The downward reversal from this resistance zone […]
21/01/2025

Trump Trades Back in Focus as New Presidency Begins

Donald Trump was sworn in as the 47th President of the United States yesterday, unveiling an aggressive “America First” agenda that has significant implications for both domestic and global economies. Among his key priorities are large-scale deportation operations and reducing environmental regulations, signaling potential shifts in labor markets and energy industries. Trump also aims to […]