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Bullish Scenario: Buy between 17515 and 17600 with TP1: 17681; TP2: 17720 intraday, and TP3: 17750 / 18000 in extension. It is recommended to set a stop loss (S.L.) below 17487 or at least 1% of the account capital**. Bearish Scenario in case of breaking the buying zone: Sell below 17500 with TP1: 17469; TP2: […]

The post Nasdaq 100 (US100): Toward 17750 appeared first on Action Forex.

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05/12/2023

AUDUSD Plummets Below Uptrend Line

AUDUSD posts several red candles Holds below the SMAs Technical oscillators hold in negative areas AUDUSD has been in a bearish corrective mode during the week, penetrating the short-term uptrend line to the downside with strong momentum. Entering the 0.6570 area has been a struggle over the past three days, and there might be another […]
08/08/2024

It Will Take More for RBA to Move: First Rate Cut Later, a Faster Decline a Risk

We have revised our view to an expectation that the RBA will first start cutting rates at the February 2025 meeting, and end at 3.35%. There are risks on both sides of this forecast. As we noted yesterday, the RBA Governor all but ruled out cutting rates this year. This runs counter to our earlier […]
08/05/2024

Fed Kashkari Comments Didn’t Bring Life into Mostly Sideways Dealings

Markets US trading hours were only a little more entertaining than dull European ones yesterday. Minneapolis Fed Kashkari (non-voter this year) gave us some flavor on how a slightly more hawkish shift at last week’s policy meeting could have looked like. His guidance sounded familiar: “the most likely scenario is we sit here for an […]