Tag: Action Forex

The British pound experienced some movement on Wednesday after a period of stagnation. During the European session, GBP/USD was trading at 1.2992, showing a decrease of 0.62% for the day. This drop caused the...

In a recent speech, BoJ Board Member Seiji Adachi discussed the current state of Japan's economy and the potential for beginning to ease its ultra-loose monetary policy. Adachi pointed out the positive indicators such...

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...