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AUDUSD rebounds off 0.6360 Bullish doji indicate upside correction MACD and RSI tick higher AUDUSD is heading upwards after the bullish doji candle that has been posted last Friday, adding almost 3%. The market is challenging the short-term simple moving averages (SMAs), switching the outlook to a neutral one. The technical oscillators are suggesting more […]

The post AUDUSD Rises Near Short-Term SMAs appeared first on Action Forex.

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16/07/2024

Bitcoin (BTC/USD) Soars Amidst Surging ETF Inflows

Increased investor confidence fueled by a $1.04 billion inflow into Bitcoin Spot ETFs. Bitcoin miners, particularly in the US, are accumulating Bitcoin in anticipation of another potential rally, with Marathon Digital Holdings aiming to significantly increase its hashrate. Technically, Bitcoin’s breakout above a long-term descending trendline suggests further upside potential. Bitcoin prices enjoyed somewhat of […]
01/12/2023

US Manufacturing ISM Taking Center Stage

Markets Poor French growth and inflation data published at the start of European dealings caused European interest rate markets to try a new leg on recent bull run. Yields across the European/German curve touched new cycle correction lows. The EMU flash CPI estimate at -0.5% M/M and 2.4% Y/Y (headline) and 3.6% Y/Y (core) beat […]
08/03/2024

WTI Oil Futures in Fierce Battle with 50.0% Fibo

WTI futures jump above the 200-day SMA But fail to conquer the 50.0% Fibonacci level Oscillators suggest intensifying positive momentum WTI oil futures (April delivery) have been staging a comeback after finding their feet at the 68.00 region in December. However, the recovery seems to have been on hold for the past few sessions as the […]