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Markets There were no important data in the US and in EMU today. This allowed investors to make up their mind on recent and upcoming events. In a weekly perspective both US and European yields confirmed a tentative bottoming out pattern. US yields compared to last Friday’s close rose about 3.5 bps (2-y) to 6.0 […]

The post Sunset Market Commentary appeared first on Action Forex.

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28/02/2024

CADJPY Looking for Buyers in Double Zigzag Correction

CADJPY cycle from 2.1.2024 low is in progress as a nesting 5 waves. Up from 2.1.2024 low, wave ((i)) ended at 111.407 and pullback in wave ((ii)) ended at 110.6. Pair resumes higher in wave ((iii)) with internal subdivision as another 5 waves. Up from wave ((ii)), wave i ended at 111.614 and wave ii […]
21/11/2024

USDJPY Shows Some Stress; Still in Uptrend

USDJPY trims gains, falls below steep bullish channel New sellers could show up below 153.00-153.55 USDJPY came under pressure early on Thursday, trimming Wednesday’s moderate gains and putting its two-month-old bullish channel at risk once again. The technical signals are not providing clear direction, with the falling RSI maintaining a sideways trajectory above its 50 […]
13/09/2024

Germany 30 Technical: A Potential Bearish Reversal Looms

The recent rebound from its 10 September low of 18,186 has faced a hurdle to clear above its 20-day moving average. Several key elements are advocating for a potential short to medium-term bearish reversal. Watch the key resistance at 18,660. After the 9.4% drop seen in the Germany 30 CFD Index (a proxy for the […]