API oil chief warns US Strategic Petroleum Reserve nearing critical low
An on-the-record warning from the API chief about SPR operational thresholds will sharpen trader focus on inventory data and the pace of reserve drawdowns. At 350 million barrels, the SPR…
Swiss Franc steadies as easing safe-haven demand weighs on US Dollar
USD/CHF inches lower after two days of gains, trading around 0.7970 during the Asian hours on Tuesday. The pair has depreciated alongside a declining US Dollar (USD) following a breakthrough…
Canadian Dollar edges higher as softer USD offsets weak Oil prices
The USD/CAD pair edges lower during the Asian session on Tuesday, eroding part of the previous day's gains to its highest level since late March. Spot prices, however, lack follow-through…
GBP/USD Struggles To Recover As Losses Continue To Linger
Key Highlights GBP/USD started a major decline below 1.3450 and 1.3420. It traded below a contracting triangle with support at 1.3410 on the 4-hour chart. EUR/USD dipped heavily before the…
Will Bitcoin’s Historic $60K Support Hold?
Market Overview The crypto market capitalisation has lost 12.5% over the past seven days. However, the sharp sell-off that began in June paused on Friday near the $2.05T level, and…
AUDJPY Wave Analysis – ActionForex
AUDJPY: ⬇️ Sell AUDJPY reversed from resistance level 114.60 Likely to fall to support level 112.40 AUDJPY currency pair recently reversed down from the resistance level 114.60 (which has been…
WTI edges lower to near $89.50 as Iran, Israel agree to halt attacks
West Texas Intermediate (WTI) oil price edges lower after registering over 1% losses in the previous day, trading around $89.40 per barrel during the Asian hours on Tuesday. Crude oil…
What you see is how you should trade. The GBPUSD is using levels that traders can see.
Often, the price action on a chart tells a story that is far more important to traders than the latest fundamental headline. That story is centered on one thing: risk…
Sunset Market Commentary – ActionForex
Markets The Iran headline roulette has been doing overtime the past days. Over the weekend, it spit out news about fighting between Israel and Hezbollah which triggered retaliation by Iran…
EURUSD Wave Analysis – ActionForex
EURUSD: ⬇️ Sell EURUSD broke support zone Likely to fall to support levels 1.1500 and 1.1450 EURUSD currency pair recently broke the support zone between the support level 1.1600 (which…
