Logo-color Logo-white

Key Highlights Crude oil prices declined further below the $80.00 support. A connecting bearish trend line is forming with resistance at $79.60 on the 4-hour chart. Gold prices are consolidating below the $2,335 resistance. Bitcoin prices are again moving lower below the $63,500 resistance zone. Crude Oil Price Technical Analysis In the past few days, […]

The post Crude Oil Price Takes Hit, Decoding Hurdles To Fresh Increase appeared first on Action Forex.

previous

WTI Crude Oil Wave Analysis

next

Elliott Wave Analysis on USDJPY Recovery Post BOJ Intervention

Read More

30/07/2024

Elliott Wave Intraday Analysis: Dow Futures (YM) Resumes Bullish Trend

Short Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave 5 of (5) since 18-April, 2024 low, while dips remain above 40053 low. Since April-2024 low of (4), it placed […]
10/01/2024

USDJPY Turns Up, But is the Rebound Sustainable?

USDJPY aims for a bullish breakout ahead of Thursday’s US CPI data Momentum indicators are encouraging, but trend signals are still cautious USDJPY found new buyers near its 20-day simple moving average (SMA) at 143.40 on Tuesday, drifting higher to close mildly positive on the day. Upside pressures persisted early on Wednesday, bringing the important 144.70 region, […]
14/02/2024

US: Progress on the Inflation Front Grinds to a Halt in January 

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in January, ahead of the consensus forecast calling for a more modest gain of 0.2%. CPI rose 3.1% year-over-year, down from 3.4% in December. Energy prices fell 0.9% m/m, largely driven by a pullback in prices at the pump (-3.3% m/m). Meanwhile, food prices (+0.4%) jumped […]