Summary 1/27 – 1/31 – Action Forex

The USD Strength Effect MT4 Indicator measures the power of the U.S. dollar relative to a basket of other major currencies. By analyzing price movements and market trends, it calculates a strength score that updates in real time. Traders can quickly identify when the dollar is gaining momentum or losing power, which can improve entry…

The EURUSD price succeeded to touch our waited target at 1.0563$, noticing that the price closed the daily candlestick above this level, which supports the chances of extending the correctional bullish wave to achieve additional gains that reach 1.0634$ as a next main station. Therefore, we expect to witness positive trades in the upcoming sessions,…

The euro has moved into a phase of correction and consolidation ahead of key macroeconomic releases. In EUR/USD, a technical pullback is unfolding following the previous decline, while EUR/CAD continues a more extended corrective move within its medium-term structure. Market activity is easing as traders await important data from the euro area, the United States…