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Daily Pivots: (S1) 173.17; (P) 173.80; (R1) 174.20; More… Intraday bias in EUR/JPY stays on the downside for the moment. Fall from 175.03 short term bottom is in progress for 55 D EMA (now at 172.24). Sustained break there will argue that whole five-wave rally from 154.77 has also completed. On the upside, above 174.39 […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.
Trading was relatively subdued in Asia today, with China and Hong Kong closed for holidays and little reaction seen across the rest of the region. Equity markets were mixed, reflecting a cautious tone after Wall Street managed to end slightly higher overnight despite a fresh government shutdown in the US. Gold edged to another record […]
The post Yen Stays Firm on Tankan Resilience, Broader Markets Subdued appeared first on Action Forex.
The short-term Elliott Wave analysis for Gold (XAUUSD) indicates that the cycle starting from the September 18, 2025 low is unfolding as a five-wave impulse. From that low, wave (i) advanced to $3647.32, followed by a corrective wave (ii) that concluded at $3631.94. Gold then surged in wave (iii) to $3759.16, with a subsequent dip […]
The post Gold (XAUUSD) Soars to All-Time Highs: Elliott Wave Outlook and Next Target appeared first on Action Forex.
Key Highlights GBP/USD started a recovery wave above 1.3350 and 1.3400. A major bearish trend line is forming with resistance near 1.3475 on the 4-hour chart. EUR/USD is struggling to clear the 1.1750 and 1.1780 resistance levels. Gold extended gains to a new record high above $3,870. GBP/USD Technical Analysis The British Pound found support […]
The post GBP/USD Faces Hurdles – Is Market Preparing For A Fresh Decline? appeared first on Action Forex.
Japan’s manufacturing sector contracted further in September, with the PMI finalized at 48.5, down from August’s 49.7. S&P Global’s Annabel Fiddes said the sector ended Q3 “on a weaker note,” as output and new orders declined at a faster pace, driven by softer demand across key markets such as China and the drag from US […]
The post Japan PMI manufacturing finalized at 48.5, weak demand from China and US appeared first on Action Forex.
Japan’s Q3 Tankan survey showed large manufacturers growing more confident, with the index rising from 13 to 14, in line with expectations and the highest since Q4 2024. While the manufacturing outlook held steady at 12, suggesting some softening ahead, sentiment remains resilient despite trade headwinds. Non-manufacturing confidence also stayed firm, with the index unchanged […]
The post Japan’s Tankan shows resilience, supports BoJ tightening outlook appeared first on Action Forex.
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