Logo-color Logo-white

Key Highlights USD/JPY extended losses below the 155.50 support. A major bearish trend line is forming with resistance at 155.10 on the 4-hour chart. Gold prices rallied above the $2,770 resistance zone. Bitcoin recovered and was able to climb above the $103,500 resistance zone. USD/JPY Technical Analysis The US Dollar started a major decline from […]

The post USD/JPY Extends Losses: Bears Tighten Their Grip appeared first on Action Forex.

previous

After 25 bps Cut in March, Expect ECB to Start Skipping from Time to Time

next

USD/JPY Holds Support, But Downside Risks Linger

Read More

11/09/2024

Gold Shifts Attention to Uncharted Territory

Gold looks for a bullish breakout above rectangle Bullish sentiment dominates; stability cannot be ruled out US CPI inflation figures due for release at 12:30 GMT Gold rapidly approached the upper band of its three-week-old tight range at 2,530, increasing the possibility of entering unexplored territory. The ball is still on the bulls’ court according to […]
01/12/2023

DAX Will Open Elliott Wave Bullish Sequence Soon

$DAX cycle from 9.29.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.29.2022 low, wave (1) ended at 16528.97 and dips in wave (2) ended at 14630.21. The Index extends higher again in wave (3). It still needs to break above wave (1) at 16528.97 to validate this view […]
04/11/2024

As Bitcoin Retreats from the Top, Ethereum Moves to the Bottom

Market Picture The crypto market lost 1.7% of its cap in 24 hours to $2.24 trillion. The market is correcting as Trump’s chances of winning national polls diminish ahead of the election. For now, it looks like a de-risking ahead of an important event where both major candidates have roughly equal chances of winning. The […]