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FTSE 100 index falling strongly Likely to fall to support level 7440.00 FTSE 100 index falling strongly after the price failed to break above the major resistance level 7700.00 (which has been repeatedly reversing the index from June of last year). The resistance level 7700.00 was strengthened by the upper daily Bollinger Band and by […]

The post FTSE 100 Wave Analysis appeared first on Action Forex.

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12/11/2024

EUR/USD Slips to 7-Month Low on Weak Eurozone Confidence Data

The euro can’t seem to find its footing. EUR/USD is down for a third straight trading day and has declined 0.38% on Wednesday, trading at 1.0608 at the time of writing. Earlier today, the euro dropped as low as 1.0606, its lowest level since April 15. The US dollar rose after Donald Trump’s decisive election […]
17/05/2024

Sunset Market Commentary

Markets Several ECB policymakers hit the wires today, including Holzmann, de Guindos and heavyweight Schnabel. As a loyal hawk it was no surprise for Holzmann to caution against easing before the central bank is certain of inflation’s return to 2%. De Guindos stuck to the official guidance of a June cut without committing to anything […]
02/02/2024

Copper Futures Slip after Failing to Break 50% Fibo

Copper prices on the retreat after hitting wall at 50% Fibonacci But head towards breakout from bullish pennant Near-term bias is neutral Copper futures (HGCOP) confirmed the formation of a bullish pennant pattern after failing to post a higher high on Wednesday. Advances were rejected for a second time by both the 50% Fibonacci retracement […]