Logo-color Logo-white

Short Term Elliott Wave View on Dollar Index (DXY) suggests that rally to 104.63 ended wave ((4)). This completed cycle from 9.27.2024 low and the Index should either resume lower in wave ((5)) or pullback in 3 waves at least. The Index has started to turn lower and we are calling the move lower from […]

The post Elliott Wave View Looking for Dollar Index (DXY) to Rollover to the Downside appeared first on Action Forex.

previous

WTI Crude Oil Starts Recovery Effort: Can It Sustain The Climb?

next

US Election Day

Read More

19/11/2024

US 100 Index Awaits Fresh Direction

US 100 index slides below 20-day EMA, but remains supported Technical indicators reflect uncertainty among traders The US 100 stock index has recently pulled from a record high of 21,230 to set a footing near the 23.6% Fibonacci retracement of its August-November uptrend at 20,288. Despite its retreat, the index seems well-supported and market sentiment […]
16/08/2024

USD/JPY Analysis: Rate Surpasses 149 Yen Per Dollar

As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen’s weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was above 160) but to weaken it […]
30/11/2023

Interesting to See Whether EUR/USD Can Regain 1.10 Barrier

Markets Yesterday, first November EMU inflation data from Germany and Spain come out in line with market momentum. Spain HICP inflation declined 0.6% M/M easing the Y/Y measure from 3.5% to 3.2% (3.7% expected). Core inflation also declined substantially (4.5% from 5.2%). Similar story in Germany as HICP inflation printed at -0.7% M/M and 2.3% […]