Tag: 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 towards the 1.3000 cluster support level, which represents a 38.2%...

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 the fall from 161.94 may have already come to an...

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 term. This suggests that the currency pair may experience further...

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 week, with the initial bias favoring the upside towards the...

This week, there was a significant increase in the conflict in the Middle East as Israel attacked Hezbollah in Lebanon and Iran launched missiles at Israel. Despite this, the market reaction was limited. Oil...

The US dollar made a strong comeback this week due to positive economic data and safe haven flows after tensions in the Middle East. Fed Chair Powell's comments about sticking with quarter-point rate cuts...

Expert Analysis on the Current State of the Forex Market The European Monetary Union (EMU) economy is facing challenging times, as indicated by the recent Flash PMI data. In September, activity contracted for the first...