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US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October […]

The post US 500 Cash Index on the Brink of a Bearish Move appeared first on Action Forex.

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03/09/2024

USDJPY Wave Analysis

USDJPY reversed from support level 144.00 Likely to rise to resistance level 149.35 USDJPY currency pair recently reversed up from the strong support level 144.00 (which has been reversing the price from January) standing near the lower daily Bollinger Band. The upward reversal from the support level 144.00 created the daily Japanese candlesticks reversal pattern […]
29/12/2023

AUDUSD Wave Analysis

AUDUSD reversed from resistance level 0.6865 Likely to fall to support level 0.6800 AUDUSD currency pair recently reversed down from the major resistance level 0.6865 (which has been reversing the pair from June). The resistance level 0.6865 was further strengthened by the nearby upper daily Bollinger Band. Given the strength of the resistance level 0.6865 […]
02/08/2024

Bitcoin Fends Off Bear Attack, Clinging to Levels

Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index remains at 57 (greed). This is bad news for the market right now, […]