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USDJPY made big, sharp and impulsive sell-off through summer. That was wave (A) that caused a bounce in last two months, for a rally in (B) which is now at important 153-155 resistance, but there’s no evidence of a reversal yet, unless we see a bearish intraday impulse, below 146.50, where overlap will likely confirm […]

The post USD/JPY May Face Resistance, At Least Temporary One appeared first on Action Forex.

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03/12/2024

Gold Could See Further Weakness

Gold remains below 50-day SMA MACD and RSI mirror the market’s waning momentum Gold prices have been developing with weak momentum over the past few sessions, hovering beneath the 50-day simple moving average (SMA) and the 2,605 support level. The pair remains well above the medium-term ascending trend line, but the technical oscillators are mirroring […]
15/12/2023

Something Doesn’t Feel Right

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19/08/2024

RBA’s Bullock Says No Rate Cuts Coming, Aussie Soars

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