Logo-color Logo-white

Energy is expected to regain the attention of market speculators next year due to both technical and fundamental factors. WTI has repeatedly rallied on attempts to break below $67, which has been a turning point on dips since early 2023. A break below the 50- and 200-week moving averages was a bearish signal, but it […]

The post Oil: Forming the Bottom appeared first on Action Forex.

previous

Crypto Market Teeters on the Brink of Correction

next

What a Year It Has Been

Read More

12/10/2024

Dollar Index – Bulls Pause After US Data and Look for Fresh Direction Signal

The dollar holds in a sideways mode vs the basket of major currencies for the second straight day, as US September CPI data cooled expectations for another Fed jumbo rate cut, though the sentiment is still bullish and keeps the greenback afloat. Markets digested the latest key economic data which showed slightly hotter than expected […]
23/09/2024

The Crypto Market Bullish Pause

Market Picture The cryptocurrency market paused growth early in the day on Monday after last week’s resounding close, stabilising at $2.23 trillion (+8.8% in 7 days), which is near the previous peak. This means that further gains will be an important second signal for breaking the multi-month trend of lower local highs. Prior to this, […]
13/03/2024

Nikkei (NKD_F) Elliott Wave View: Reacted from the Blue Box

Nikkei NKD_F ended an impulse structure at 40565 high and we called wave 3 and the index started a wave 4 pullback. Down from wave 3, wave (i) ended at 40315 and wave (ii) ended at 40465. Wave (iii) lower ended at 39665. Rally in wave (iv) ended at 39895. The market resumes lower in […]