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The ongoing US government shutdown has done little to rattle investor sentiment so far. Wall Street shrugged off the impasse, with the S&P 500 closing at a fresh record high overnight while DOW and NASDAQ also advanced. In Asia, risk appetite carried through as Hong Kong surged on its return from holiday and Japan’s Nikkei […]

The post Wall Street Hits Records Despite Shutdown, Yen Strength Continues appeared first on Action Forex.

Key Highlights Ethereum found support near $3,820 and started a decent upward move. ETH is approaching a contracting triangle with resistance near $4,500 on the daily chart. Bitcoin price rallied over 5% and cleared the $118,000 resistance. XRP is struggling to gain pace for a move above the $3.00 level. Ethereum Technical Analysis Ethereum dipped […]

The post Ethereum Price Bounce – Will Rally Continue Or Fizzle Out At Hurdles? appeared first on Action Forex.

Following up on a previous comment, which may have been overlooked…. The selloff in EUR/JPY and CHF/JPY has intensified since Monday, with both pairs now testing key moving averages. Sustained breaks here would strengthen the case that the cross rates have entered a larger-scale correction after months of relentless gains. The latest push lower came […]

The post EUR/JPY, CHF/JPY pressing key EMA support, at risk of larger-scale corrections appeared first on Action Forex.

EURJPY: ⬇️ Sell EURJPY broke support zone Likely to fall to support levels 172.00 and 171.00 EURJPY currency pair recently broke the support zone between the support level 172.00 (which stopped earlier wave iv), support trendline of the daily up channel from July and the 38.2% Fibonacci correction of the upward impulse from July. The […]

The post EURJPY Wave Analysis appeared first on Action Forex.