Tag: Action Forex
NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts
The NZD/USD pair has recently hit a seven-week low at 0.6091 due to ongoing sell-off pressure. This decline is mainly linked to the Reserve...
RBNZ Rate Decision: Impact on NZD/USD – Action Forex
The New Zealand dollar has been on a downward trend for the past six days, experiencing a 3.6% decrease in value during this time....
Gold Price Rebounds as Buyers Return to Blue Box Area – Action Forex
Gold prices have seen a rebound as buyers returned to the blue box area, according to a technical blog analyzing the 1-hour Elliott Wave...
RBNZ Policy Meeting: Will Interest Rates be Cut by 25 or 50 bps?
The Reserve Bank of New Zealand is expected to announce a rate cut during their policy meeting on Wednesday. The decision to cut rates...
Eco Data Update: October 7, 2024 – Actionable Insights for Forex Traders
Here is the latest Eco Data Update for October 7, 2024, providing actionable insights for Forex traders. Let's take a look at the key...
GBP/USD Weekly Forecast and Analysis – Action Forex
Last week, GBP/USD broke below the 1.3265 support level, indicating a short-term peak at 1.3433. This week, the initial bias suggests a downward trend...
USD/JPY Forecast: Weekly Analysis and Predictions for Forex Traders
The USD/JPY pair has shown a strong rebound and broken through the 38.2% retracement level from 161.94 to 139.57 at 148.11. This indicates that...
EUR/USD Weekly Forecast – Action Forex
EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near...
Weekly USD/CHF Forecast: Latest Analysis and Trends – Action Forex
The USD/CHF pair saw a rebound from 0.8374 last week, breaking through the 0.8548 resistance level. This upward momentum is expected to continue this...
European Central Bank Set to Cut Rates as Inflation Lowers
This week, there was a significant increase in the conflict in the Middle East as Israel attacked Hezbollah in Lebanon and Iran launched missiles...