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Brent crude oil reversed from long-term support level 70.00  Likely to rise to resistance level 75.00 Brent crude oil recently reversed up from the major long-term support level 70.00 (which has been reversing the price from the end of 2021). The support zone near the support level 70.00 was strengthened by the lower daily and […]

The post Brent Crude Oil Wave Analysis appeared first on Action Forex.

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16/05/2024

Euro Edges Lower After ECB’s Financial Stability Warning

The euro has posted slight losses on Thursday. EUR/USD is down 0.20%, trading at 1.0860 in the North American session at the time of writing. ECB warns of risks to financial stability The ECB’s Financial Stability Review expressed concern that financial stability could be affected by the possibility of “adverse economic and financial surprises”. Geopolitical […]
05/06/2024

Copper Elliott Wave Analysis: Shorter Cycles Expect Further Decline

Hello traders. Welcome to a new commodity blog post. In this one, we will look at the Copper Elliott wave analysis from our team of analysts. We will especially look at an Elliottwave path discussed in of one of our updates shared with members of ElliottWave-Forecast in May 2024. In conclusion, we will discuss how […]
10/04/2024

GBP/USD Recovers While EUR/GBP Dips to Support

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