Summary 9/23 – 9/27 – Action Forex

Monday, Sep 23, 2024 Tuesday, Sep 24, 2024 Wednesday, Sep 25 2024 Thursday, Sep 26, 2024 Friday, Sep 27, 2024
The post Summary 9/23 – 9/27 appeared first on Action Forex.

Monday, Sep 23, 2024 Tuesday, Sep 24, 2024 Wednesday, Sep 25 2024 Thursday, Sep 26, 2024 Friday, Sep 27, 2024
The post Summary 9/23 – 9/27 appeared first on Action Forex.
The SSL Hybrid is a channel-based technical analysis tool that plots two lines above and below price action to identify trend direction. “SSL” stands for “Semaphore Signal Level,” though most traders simply focus on what the indicator does rather than the name’s origin. At its core, the indicator calculates two channels using a baseline moving…
EUR/USD stays on the back foot near 1.0730 as the European Union’s political uncertainty weakens the Euro’s appeal. The ECB refuses to commit to a specific interest-rate trajectory. The US Dollar’s appeal remains firm ahead of the Fed’s decision and the US CPI report. EUR/USD shows weakness near the immediate support of 1.0730 in Tuesday’s…
EUR/CHF continues to lag its major peer, EUR/USD. Since the May 2025 low, EUR/USD has surged 5.6%, while EUR/CHF has barely budged, posting just a 1.2% gain, highlighting the cross’s relative weakness in recent months. Interestingly, several technical elements are now flashing signs of a potential medium-term (1to 3 weeks) bullish movement for the EUR/CHF…
Candlestick patterns reveal how buyers and sellers interact within a single session, often hinting at potential turning points. The hammer and hanging man patterns look identical but tell completely different stories depending on where they appear. This article explains the difference between hammer and hanging man candlesticks, their structure, and how they’re traded. The Hammer…
The EUR/USD outlook reflects range-bound momentum, backed by a resilient euro but limited by USD strength. The ECB navigates a divided stance among policymakers about the timing of easing, as sticky inflation limits the chances of early rate cuts. Traders look ahead to the US manufacturing PMI and manufacturing prices for directional bias. The EUR/USD…
Alphabet Inc. (GOOG) has lost a major antitrust ruling in Washington after a judge ruled that the tech giant had used exclusive deals to illegally monopolise the online search industry through Google. Judge Amit Mehta produced a 286-page ruling that gave the US government its first significant antitrust win against the tech industry in close…