Logo-color Logo-white

US 500 completes 8 green weeks Overall trend remains overwhelmingly positive The US 500 cash index rose to its highest level of 4,801 in at least two years. The index is recording the eighth straight green week following the strong rebound off the ascending trend line and the 4,120 support level. Weekly oscillators suggest that upside momentum […]

The post US 500 Index Rallies to New Highs in 2023 appeared first on Action Forex.

previous

USDCAD Forms Bullish Double Bottom

next

Canadian Dollar Drifting Ahead of CPI Release

Read More

27/05/2024

Brent Crude oil Wave Analysis

Brent Crude oil reversed from strong support level 81.00 Likely to rise to resistance level 84.3 Brent Crude oil recently reversed up from the support area located between the strong support level 81.00, which has been reversing the price from February, and the lower daily Bollinger Band. The support level 81.00 was strengthened by the […]
08/05/2024

EURUSD at Equilibrium, Where Will It Go Next?

The single currency is trading near $1.076, waiting for further cues and facing serious resistance in its attempt to consolidate above 1.08 on Friday. On Friday, EURUSD’s growth accelerated against the trend of the previous three weeks on negative US labour market data for the dollar. However, the attempts of the bulls in the pair […]
17/09/2024

Further Loss of Interest Rate Support Makes South the Path of Least Resistance for Dollar

Markets With investors counting down to the Fed policy decision on Wednesday, yields moving further south still was the path of least resistance on US (and EMU) interest rate markets. Maybe a bit strange that when discussing a jumbo rate cut at the start of the easing cycle, the long end of the US yield […]