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USDCAD meets long-term support trendline near 1.3810. Technical indicators reflect easing selling interest. A decisive move above EMAs needed to shift outlook. USDCAD saw limited movement throughout the week and is currently heading for a second consecutive neutral close. However, the sideways trajectory in the price, combined with oversold signals from the RSI and stochastic […]

The post USD/CAD Flatlines: Reversal Ahead? appeared first on Action Forex.

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17/06/2024

Australian Dollar Drifting Ahead of RBA Decision

The Australian dollar is steady on Monday. AUD/USD is trading at 0.6605 in the European session, down 0.14% on the day. Last week, the Australian dollar rose as much as 1.8% but pared most of these gains. RBA expected to hold rates The Reserve Bank of Australia will deliver its rate announcement early Tuesday and […]
11/11/2024

EURUSD Creates Negative Gap Near 1.0700

EURUSD remains under selling pressure Next pause at 1.0665-1.0685 Stochastics and MACD confirm bearish structure EURUSD recently took a considerable dive, falling beneath the 1.0700 round number and developing below the long-term ascending trend line. The pair began the day with a negative gap, with the technical oscillator suggesting further declines. The stochastic is moving  toward the oversold region, while the MACD […]
04/04/2024

Relatively Calm Bitcoin

Market picture The crypto market rolled back another 0.9% in 24 hours to a capitalisation of $2.48 trillion – the lowest in a week and a half. Bitcoin reversed by the same amplitude, while there was no uniformity in dynamics among the top coins. Ethereum was unchanged for the day, remaining at $3300, Solana lost […]