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Gold price rose to one week high on Thursday after President Trump announced a new package of tariffs on imported cars. New addition to the set of reciprocal tariffs from the world’s largest economy, due to become operational on Apr 2, sent fresh shockwaves through the world and boosted fears of further disruption in global […]

The post XAU/USD: Gold Rises Further on New US Tariffs appeared first on Action Forex.

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02/08/2024

USD/CHF Falls to Lowest Level in Nearly Six Months

As today’s USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn’t been this strong against the US dollar since early February this year. Bearish sentiment is driven by: → Expectations of a Fed rate cut, weakening the US dollar; → Low inflation in Switzerland – today’s CPI data shows […]
08/04/2025

Silver Wave Analysis

Silver: ⬆️ Buy Silver reversed from the support zone Likely to rise to resistance level 30.75 Silver recently reversed up from the support zone between the strong support level 28.80 (which formed Double Bottom at the end of December) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous […]
15/01/2024

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.50 Likely to fall to support level 168.95 CHFJPY currency pair recently reversed down from the key resistance level 170.50 (former double top from November). The downward reversal from the resistance level 170.50 created the daily candlesticks reversal pattern Dark Cloud Cover. Given the overbought daily Stochastic, CHFJPY currency pair […]