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Intraday Bullish Scenario: Wait for a pullback to 160.12 with TP1 at 160.60 and TP2 at 160.80, with an S.L. below 159.90 or at least 1% of the account capital. Apply Trailing Stop. Bearish Scenario: Sell below 160.60 (if a PAR forms) with TP1 at 159.81, TP2 at 159.73, and TP3 at 159.40 with S.L. […]

The post Yen Weaker Every Day, USDJPY Breaks 1990 Highs appeared first on Action Forex.

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11/01/2024

WTI Crude Oil Remains Within Descending Channel

WTI oil holds beneath 20-day SMA 200-day SMA looks like significant resistance WTI crude oil futures with delivery in February have been developing within a descending channel since the end of September. Currently, the market is holding beneath the 20-day simple moving average (SMA) and near the 72.00 number with strong resistance being the 74.25 […]
20/05/2024

Brent Crude Oil Wave Analysis

Brent crude oil reversed from key support level 81.00 Likely to test resistance level 84.00 Brent crude oil recently reversed up from the key support level 81.00 (which has been reversing the price from the start of February) intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from […]
22/05/2024

Nvidia’s Stock Price Has Doubled Since the Beginning of this Year

Federal Reserve’s (Fed) Christopher Waller gave a C+ to the latest US inflation data, saying that it’s ‘far from failing but it’s not stellar’. Equity investors, however, continue giving the US stock indices a big, fat A+ on robust earnings, yes, but also on hope that the Fed could cut rates one, or two times […]