Logo-color Logo-white

Nasdaq-100 broke resistance level 16930.00 Likely to rise to resistance level 17500.00 Nasdaq-100 index recently broke the key resistance level 16930.00, which stopped the previous impulse waves (1) and 1. The breakout of the resistance level 16930.00 accelerated the active minor impulse wave 3 of the higher order impulse sequence (3) from the start of […]

The post Nasdaq-100 Wave Analysis appeared first on Action Forex.

previous

Weekly Economic & Financial Commentary: Consumers Just Keep Humming

next

New Year, Old Habits for the BoC?

Read More

04/09/2024

Sunset Market Commentary

Markets Equities continue to take center stage on markets. European stocks underperformed in a catch-up move with the US. The EuroStoxx50 loses another 1.2%. Wall Street was granted some relief after yesterday’s violent sell-off with stocks trading currently only marginally lower (Nasdaq -0.3%). Tuesday’s sell-off took place against the backdrop of lofty (tech) valuations & […]
29/05/2024

German Inflation in the Spotlight Ahead of Friday’s Euro Area Print

In focus today Today, focus is on German inflation data for May which will give an important clue as to what the euro area print on Friday will show. We expect a large increase in core services inflation due to a base effect from the “German ticket”, which lowered prices on public transportation in May […]
11/03/2024

EURGBP Wave Analysis

EURGBP reversed from multi-month support level 0,8500 Likely to rise to resistance level 0.8565 EURGBP currency pair today reversed up from the major multi-month support level 0,8500 (which has been repeatedly reversing the pair from last July, as can be seen below). The support level 0,8500 was further strengthened by the lower daily Bollinger Band. […]