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WTI crude oil rebounds off 17-month low Technical oscillators are mixed WTI crude oil prices have been creating a notable bullish correction after the significant bounce off the 17-month low of 65.70. Technically, the MACD oscillator is gaining some ground above its trigger line; however, the stochastic posted a bearish crossover within its %K and […]

The post WTI Crude Oil Tries to Extend Its Bullish Correction appeared first on Action Forex.

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30/05/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance level 1.2800 Likely to fall to support level 1.2675 GBPUSD currency pair recently reversed down from the key resistance level 1.2800, which has been repeatedly reversing the price from December. The downward reversal from the resistance level 1.2800 is likely to form the daily Japanese candlesticks reversal pattern Evening Star Doji. […]
22/12/2023

USD/JPY Remains In Downtrend, US GDP Disappoints At 4.9%

Key Highlights USD/JPY failed to clear the 145.00 resistance zone and declined. A major bearish trend line is forming with resistance at 144.00 on the 4-hour chart. EUR/USD and GBP/USD remained in a positive zone and eye more gains. The US GDP grew 4.9% in Q3 2023, less than the market forecast of 5.2%. USD/JPY […]
31/07/2024

Inflation Decline On Track, RBA Can Soon Relax

Inflation in the June quarter was in line with our expectations, and a shade below on some key measures. With the disinflation on track, we affirm our view that rates are on hold until November and likely to decline from then. Inflation in the June quarter was broadly in line with our expectations, and a […]