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The data from the US yesterday was mixed: a softer-than-expected ADP read and a stronger-than-expected ISM services data marked the session. According to the data, the US economy added 152K new private jobs in May – much lower than 175K penciled in by analysts and the weakest number since the start of the year, meanwhile […]

The post Dream Bigger Than the Price appeared first on Action Forex.

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11/09/2024

Brent Crude oil Wave Analysis

Brent Crude oil broke key support level 72.60 Likely to fall to support level 68.00 Brent Crude oil recently broke the support zone located between the key support level 72.60 (former multi-month support from December) and the support trendline of the daily down channel from July. The breakout of the support level 72.60 accelerated the […]
04/06/2024

GBPUSD Surges to Fresh 2-Month High

GBPUSD advances to its highest level since March 13 But the advance starts to look overstretched Momentum indicators approach overbought conditions GBPUSD has been in a steady recovery following its bounce off the 2024 bottom of 1.2298, with the price violating both the 50- and 200-day simple moving averages (SMAs). On Tuesday, the pair posted a […]
02/08/2024

WTI Crude Oil Hovers Beneath 200-day SMA

WTI trades within symmetrical triangle 20- and 50-day SMAs are ready for bearish cross WTI crude oil is moving back and forth from the 200-day simple moving average (SMA), with a strong resistance area near the potential bearish crossover between the 20- and 50-day SMAs. The price is developing within a symmetrical triangle in the medium-term […]