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Markets Risk sentiment turned sour today, both in Europe and in the US. Signs of fatigue were showing up in recent days. Many stock indices hovered sideways near the record highs with higher openings often used as a moment to take some chips off the table. It were Palantir’s earnings released after-market yesterday that ignited […]

The post Sunset Market Commentary appeared first on Action Forex.

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Euro Holds on by a Thread

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16/04/2024

CADJPY Elliott Wave : Forecasting the Rally After 3 Waves Pull Back

In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs. Recently the pair has given us 3 waves pull back that found buyers right at the […]
09/12/2024

EURUSD Breakdown, 9th December

This Monday, as part of the weekly market review and analysis, we examined the price action on the EURUSD chart across the different timeframes. While the short-term direction appears to be bearish, the long-term sentiment remains bullish, especially on the weekly and daily timeframe charts. Here is my interpretation of the price action on these […]
22/04/2025

USDJPY Wave Analysis

USDJPY: ⬇️ Sell USDJPY broke support area Likely to fall to support level 139.55 The USDJPY currency pair recently broke the support area at the intersection of the support trendline of the daily down channel from January and the support level 142.00 (which started the daily uptrend in September). The breakout of this support area […]