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Key Highlights EUR/USD recovered above the 1.0800 resistance zone. A key bullish trend line is forming with support at 1.0790 on the 4-hour chart. GBP/USD climbed above the 1.2750 and 1.2800 resistance levels. Gold prices surged above the $2,380 resistance zone. EUR/USD Technical Analysis The Euro formed a base above the 1.0670 level against the […]

The post EUR/USD Recovers and Bulls Are Not Done Yet appeared first on Action Forex.

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03/01/2024

USDJPY Buyers Appear Strong in 2024

USDJPY shows some progress MACD and RSI turn up USDJPY started 2024 in a positive mode as it rebounded off the 140.90 support level with strong resistance  coming from the steep descending trend line. The RSI is below its 50 neutral mark, although it has strengthening, and the MACD is keeping its footing above its red […]
29/11/2023

Crypto Market Back to Test Multi-month High

Market picture The crypto market added 2.4% in 24 hours to $1.43 trillion and went back to test highs since May 2022. Bitcoin added 3% during this time, Ethereum 2.75%, and Solana was the top performer among the major coins, adding 8.4%. Toncoin was on a back foot with its 0.4% gain. Bitcoin has been […]
27/03/2024

Nasdaq-100 Index Wave Analysis

Nasdaq-100 index reversed from resistance level 18400.00 Likely to fall to support level 18000.00 Nasdaq-100 index recently reversed down from the key resistance level 18400.00 (strengthened by the upper daily Bollinger Band), which has been reversing the index from the start of March. The downward reversal from the resistance level 18400.00 started the active minor […]