Tag: Action Forex

The GBP/USD pair has recently seen a decline below the 1.3120 support zone, indicating a bearish trend. On the 4-hour chart, a bearish trend line with resistance at 1.3070 is forming. The EUR/USD pair...

In this technical analysis, we will discuss the recent performance of XAUUSD based on 1-hour Elliott Wave Charts. The price action has shown a rebound from a key support zone, indicating a potential opportunity...

The EURGBP pair, also known as the “Chunnel” by traders, is a popular currency pair that reflects the economic relationship between the Eurozone and the United Kingdom. The euro is influenced by economic data...

The USD/CHF pair experienced some sideways movement recently, reaching 0.8611 before leveling off. This week, the initial bias is expected to remain neutral, with a potential for further rally as long as the minor...

Last week, GBP/USD showed a decrease in downward momentum, despite a drop from the short-term high of 1.3433. This week, the initial bias remains neutral. The currency pair is expected to find strong support...

The USD/JPY pair saw a rise from 139.57 to 149.58 last week before moving sideways. The forecast for this week suggests a neutral bias initially, with the possibility of further consolidation. However, a continued...

The EUR/USD pair experienced a drop from 1.1213 to 1.0899 last week before finding some support around the 1.0920 mark. This led to a neutral stance for the upcoming week, with a possibility of...

Canadian inflation is expected to continue its decline below the Bank of Canada's 2% target, with falling energy prices in September likely pushing it even lower than in August. Year-over-year headline CPI is predicted...

Gold has been the shining star in the world of investments, outperforming other asset classes and providing protection against various risk events. In the third quarter, gold saw a remarkable increase of 14%, bringing...

Chicago Federal Reserve President Austan Goolsbee recently spoke to CNBC about the progress in controlling inflation and stabilizing the labor market in the last year and a half. According to Goolsbee, inflation has decreased...