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Hello traders and welcome to a new blog post highlighting how our proprietary blue box support system helps traders found opportunities in the financial markets. In this post, the spotlight will be on Ethereum – a cryptocurrency. Ethereum is a decentralized, open-source blockchain platform that enables smart contracts and decentralized applications (dApps). Launched in 2015, […]

The post Ethereum Holds Blue Box Support Zone and Quickly Reverses Higher appeared first on Action Forex.

Rates on hold and ongoing sensitivity to even small upside inflation risks. November cut far from assured but rate-cutting phase is not over. RBA Monetary Policy Board (MPB) keeps cash rate on hold at 3.6%, citing recovering private sector demand, an assessment that labour market conditions are stable, and the possibility that inflation might remain […]

The post RBA Holds Cash Rate at 3.6%, Cautiously Keeps Its Options Open appeared first on Action Forex.

Daily Pivots: (S1) 199.10; (P) 199.82; (R1) 200.30; More… Intraday bias in GBP/JPY remains neutral first. On the downside, break of 198.99 support will resume the fall from 201.24 to 197.93 support. Considering bearish divergence condition in both D and 4H MACD, firm break of 197.93 will indicate bearish reversal and bring deeper fall back […]

The post GBP/JPY Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 173.77; (P) 174.48; (R1) 174.97; More… EUR/JPY’s break of 173.88 resistance turned support indicates short term topping at 175.03, after rejection by 175.41 high. Intraday bias is back on the downside for 55 D EMA (now at 172.20). Sustained break there will argue that whole five-wave rally from 154.77 has also completed. […]

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Daily Pivots: (S1) 0.8716; (P) 0.8731; (R1) 0.8746; More… Intraday bias in EUR/GBP remains neutral and more consolidations would be seen below 0.8750. Further rally is expected as long as 0.8694 support holds. Firm break of 0.8752 will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close […]

The post EUR/GBP Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 0.8716; (P) 0.8731; (R1) 0.8746; More… Intraday bias in EUR/GBP remains neutral and more consolidations would be seen below 0.8750. Further rally is expected as long as 0.8694 support holds. Firm break of 0.8752 will resume larger rally to 61.8% projection of 0.8354 to 0.8752 from 0.8631 at 0.8877, which is close […]

The post EUR/GBP Daily Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.7805; (P) 1.7849; (R1) 1.7874; More… EUR/AUD’s retreat from 1.7929 continues and intraday bias remains neutral. On the upside, above 1.7929 will resume the rebound from 1.7588 to retest 1.8155. However, sustained break of 61.8% retracement of 1.7245 to 1.8155 at 1.7593, will resume the fall from 1.8155 to 1.7245 resistance, as […]

The post EUR/AUD Daily Outlook appeared first on Action Forex.