Logo-color Logo-white

FTSE 100 index reversed from resistance level 7700.00 Likely to fall to support level 7550.00 FTSE 100 index recently reversed down from the multi-month resistance level 7700.00 (which has been reversing the pair from the end of July). The resistance level 7700.00 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci […]

The post FTSE 100 index Wave Analysis appeared first on Action Forex.

previous

AUDJPY Wave Analysis

next

USD/JPY Regains Strength, US CPI Increased 3.4%

Read More

26/06/2024

AUD/JPY: Aussie Outperformance With Hotter AU CPI

Australia’s monthly CPI has increased to 4% from 3.7% in April, a sign of a sticky and elevated consumer inflationary trend. The odds of an RBA interest rate in the near-term horizon have reduced which increased the yield premium of 2-year Australian government bond over JGB. AUD/JPY is likely on a path of bullish acceleration […]
12/09/2024

Crypto Market Surpasses Milestone

Market picture US financial markets closed higher on Wednesday despite a rough start to the day. A strong performance from the technology sector helped the crypto market cross the $2 trillion mark, up 3% in 24 hours. The positive sentiment in the market continued into Thursday morning, setting the market up for further gains, potentially […]
10/09/2024

AUD/USD Shrugs After Weak Confidence Data

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6671 in the European session, up 0.17% today at the time of writing. With the Australian economy sputtering, it should come as no surprise that today’s confidence indicators pointed downward. Westpac consumer confidence change declined 0.5% m/m in September, falling from 85.0 […]