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On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we: → Drew a blue upward channel relevant for 2024; → Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone; → Suggested that bulls might face difficulties in pushing […]

The post Nasdaq 100 Index Plummets After Fed Decision appeared first on Action Forex.

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22/10/2024

AUD/USD Struggles for Stability: Chances are Slim

The AUD/USD pair is attempting a recovery toward 0.6681, though the prospects seem uncertain as the pair remains near a six-week low. The strengthening of the US dollar and the rise in US Treasury yields, driven by expectations of a confident victory for Donald Trump in the upcoming US presidential election, are weighing heavily on […]
18/01/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2620 Likely to rise to resistance level 1.2775 GBPUSD currency pair recently reversed up from the key support level 1.2620 (which has been repeatedly reversing the price from the middle of December). The support level 1.2620 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction […]
12/12/2023

November CPI: Moving on to 2024

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