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US 500 stock index hits another all-time high Technical signals mixed; more buying awaited above 5,750 The US 500 stock index restarted its positive trend on Tuesday, inching up to a record high of 5,736 after keeping its foot on the rising almost one-year-old constraining line at 5,674. Mixed technical signals are observed, with the […]

The post Another Record for the US 500 Index appeared first on Action Forex.

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23/01/2024

JPY: Bulls Eagerly Await the BOJ’s Move

The yen has experienced significant fluctuations in recent weeks, initially gaining ground against the weakening US dollar in December but subsequently losing those gains as the dollar rebounded in January. USD/JPY reached 148.80 on Friday, the highest level since November 28, prompting concerns that if the yen continues to depreciate, the Ministry of Finance might […]
05/12/2023

AUDUSD Plummets Below Uptrend Line

AUDUSD posts several red candles Holds below the SMAs Technical oscillators hold in negative areas AUDUSD has been in a bearish corrective mode during the week, penetrating the short-term uptrend line to the downside with strong momentum. Entering the 0.6570 area has been a struggle over the past three days, and there might be another […]
12/01/2024

AUDJPY Wave Analysis

AUDJPY reversed from resistance level 97.45 Likely to fall to support level 96.00 AUDJPY currency pair recently reversed down from the resistance level 97.45 (which has been reversing the pair from the middle of December). The resistance level 97.45 was strengthened by the upper daily Bollinger Band. AUDJPY can be expected to fall further to […]