EUR/AUD Weekly Outlook - ActionForex

    EUR/AUD Weekly Outlook – ActionForex

    EUR/AUD’s pullback from 1.6617 extended lower last week but stayed well above 1.6306 support. Initial bias remains neutral this week first. On the upside, above 1.6506 minor resistance will bring retest of 1.6617. Firm break there will resume the rebound from 1.6108. However, decisive break 1.6306 support will argue that the rebound has completed, and…

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    EUR/USD Daily Outlook - ActionForex

      EUR/USD Daily Outlook – ActionForex

      Range trading continues in EUR/USD and intraday bias stays neutral. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will resume the fall from 1.2081 to 100% projection of 1.2081 to 1.1408 from 1.1848 at 1.1175. However, decisive break of 1.1499 will turn bias back to the upside…

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      GBP/USD Forecast 10/07: Chaos Triggers Range (Video)

        GBP/USD Forecast 10/07: Chaos Triggers Range (Video)

        The British pound initially rallied against the USD on Thursday but seems to be running into a touch of trouble. GBP/USD The British pound initially rallied against the US dollar during trading here on Thursday, and it then tested an area that was a major resistance barrier just waiting to happen, where supply had come…

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        Australian Dollar Holds Above the Current Market Profile

          Australian Dollar Holds Above the Current Market Profile

          The minutes from the Reserve Bank of Australia’s (RBA) June meeting, released on 30 June, suggested that policymakers are not yet ready to rule out further policy tightening. Board members noted persistent excess demand and broad-based inflationary pressures across the economy, leaving the door open for another interest rate increase if required. Against this backdrop,…

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          TradingView brings overnight session data directly into main symbol experience

            TradingView brings overnight session data directly into main symbol experience

            TradingView is bringing overnight session data directly into the main symbol experience on the platform. With the new 24h session for BOATS-supported US stocks, TradingView users can follow regular, extended, and overnight sessions in one continuous intraday chart. Previously, overnight data was available through separate BOATS symbols. Now, supported overnight activity becomes part of the…

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            USD/MXN Forecasr 10/07

              17.50 Level Acts as Pivot

              Potential signal: The US dollar has slipped a bit against the Mexican peso again on Thursday. USD/MXN The US dollar has slipped a bit against the Mexican peso during trading on Thursday as we continue to dance around the 17.50 level. The 17.50 level is an area that has been important and it does seem…

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              Loonie Tunes: Playing Second Fiddle to the Greenback

                Loonie Tunes: Playing Second Fiddle to the Greenback

                Highlights The Loonie has lost substantial ground to the greenback this year, a fate it shares with several other major G10 currencies. Wider interest-rate gaps have made U.S. assets more attractive, adding pressure on CAD alongside other advanced-economy currencies. The baseline still points to eventual loonie recovery, but that view is vulnerable if U.S. productivity…

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