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A depreciating exchange rate sometimes gets interpreted as a ‘vote of no confidence’ in that economy or currency. In fact, it is often a necessary and welcome shock absorber. Exchange rates are often seen as a judgement. A depreciating exchange rate gets interpreted as a ‘vote of no confidence’ in that economy or currency. People […]

The post The Exchange Rate and the Big Pivot appeared first on Action Forex.

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USD/JPY Pulls Back: Is This The Start of Larger Correction?

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16/01/2024

AUDUSD Slips to 1-month Low

AUDUSD posts a new negative wave RSI looks oversold 50- and 200-period SMAs ready for bearish cross AUDUSD is plunging towards a fresh one-month low of 0.6606 today, confirming the negative structure that started from 0.6870. Technically, the short-term risk is leaning to the downside. The MACD oscillator is extending its negative momentum beneath its trigger […]
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 […]
22/02/2024

NZDJPY Hits Nine-Year High as Bullish Run Continues

NZDJPY extends bullish streak above 92.00 level Bulls remain firmly in control Overbought signals begin to flash red NZDJPY has been recording fresh highs all week and scaled a nine-year high of 92.98 earlier on Wednesday. The momentum indicators suggest that the bullish bias isn’t likely to fade in the near term. However, both the […]