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Gold price started a sharp decline from $2,450. Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,450 zone before there was a sharp decline against the US Dollar. A key bearish trend line […]

The post Gold Price and Crude Oil Price Signal Bearish Acceleration appeared first on Action Forex.

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GBPJPY Continues its Journey North

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19/03/2024

Sunset Market Commentary

Markets The Bank of Japan’s first rate hike since 2007 that ended an 8-year experiment with negative rates remained talk of the town today. Ironically though, the Japanese yen nor yields profited from what is nevertheless a historical shift, quite the contrary. This morning’s policy outcome was telegraphed well in advance to markets and there’s […]
27/12/2023

EURJPY Wave Analysis

EURJPY rising inside impulse wave (5) Likely to reach resistance level 158.40 EURJPY rising inside the intermediate upward impulse wave (5), which started earlier from the major support level 154.40 (which has been reversing the price from July). The support level 154.40 was additionally strengthened by the 50% Fibonacci correction of the upward impulse from […]
14/06/2024

EUR/GBP: At New Multi-Month Low But Bears May Pause on Oversold Conditions

EURGBP hits new multi-month low (the lowest since early Aug 2022) on Friday and is on track for the biggest weekly loss since the first week of January, after starting to trade this week with gap lower, weighed by growing political uncertainty in France. Bears cracked psychological 0.8400 support and eye target at 0.8339 (2 […]