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The loonie has recovered in the US session after starting the day on the back foot. The move was more driven by the US dollar than any developments on the side of the Canadian Dollar. The loonie has come under pressure in recent days as oil prices have also retreated to fresh lows. When it […]

The post USD/CAD Price Outlook: Consolidation Above Key 1.4000 Handle. What Next for Loonie? appeared first on Action Forex.

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13/11/2024

EURGBP Wave Analysis

EURGBP reversed from long-term support level 0.8265  Likely to rise to resistance level 0.8365 EURGBP currency pair previously reversed up from the long-term support level 0.8265 (former powerful support from the start of 2022) coinciding with the lower weekly Bollinger Band. The upward reversal from the support level 0.8265 stopped the previous impulse wave 3. […]
16/01/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9300 Likely to rise to resistance level 0.9400 EURCHF currency pair recently reversed up from the key support level 0.9300 (intersecting with the lower weekly Bollinger Band and the support trendline of the weekly down channel from the start of 2023). The upward reversal from the support level 0.9300 stopped […]
25/04/2025

Week Ahead: US GDP, Inflation and Jobs in Focus Amid Tariff Mess – BoJ Meets

Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls. Trump continues to sow tariff […]