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Facebook’s Meta went on a 10% freefall yesterday, even after the company announced better-than-expected earnings. This being said, yesterday’s selloff ended up being less than suggested in the afterhours trading. CEO Mark Zuckerberg said that, in the past, the company also experienced high price volatility during a period of investment when the results were not […]

The post AI Saves the Day appeared first on Action Forex.

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17/04/2024

USD/JPY Analysis: Prospect of a Breakout of the Level of 155 Yen per Dollar

The USD/JPY rate has consistently reached new highs since 1990, approaching the psychological level of 155 yen per US dollar. The Japanese currency has already fallen about 9% against the dollar this year. This is supported by Jerome Powell, who suggested yesterday that US interest rates are likely to remain high for longer. He refused […]
08/01/2024

EUR/USD Holds Support But Can It Recover?

Key Highlights EUR/USD declined and retested the 1.0880 support zone. It traded below a key bullish trend line at 1.0900 on the 4-hour chart. GBP/USD is attempting a fresh increase above the 1.2650 resistance. USD/JPY climbed higher above the 143.20 resistance zone. EUR/USD Technical Analysis The Euro started a fresh decline from the 1.1140 zone […]
07/02/2024

AUDCHF Wave Analysis

AUDCHF reversed from key support level 0.5620 Likely to rise to resistance level 0.5730 AUDCHF currency pair recently reversed up from the key support level 0.5620, which has been reversing the pair from the middle of August , stopping earlier waves (5),(1) and 1. The support level 0.5620 was strengthened by the lower daily Bollinger […]