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Hello, traders! Welcome to a new blog post where we discuss how our Blue Box strategy helps ElliottWave-Forecast members identify high-confidence trade opportunities across 78 instruments. In this post, we’ll focus on the FTSE. The $FTSE is an index that tracks the top 100 companies listed on the London Stock Exchange by market capitalization. The […]

The post FTSE Bounces From the Blue Box; Full Recovery in Sight? appeared first on Action Forex.

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25/05/2024

Week Ahead – US PCE Inflation and Eurozone CPI Data Enter the Spotlight

Dollar traders lock gaze on core PCE index Eurozone CPIs in focus as June cut looms Tokyo CPIs may complicate BoJ’s policy plans Aussie awaits Australian CPIs and Chinese PMIs Will PCE data break the “higher for longer” mantra? The US dollar stabilized this week, recovering a small portion of the losses it posted after […]
09/04/2024

Gold Price Sets New Record, More Upsides Possible?

Key Highlights Gold rallied further and spiked above the $2,350 resistance level. A connecting bullish trend line is forming with support at $2,320 on the 4-hour chart. EUR/USD is facing a major hurdle near the 1.0880 resistance. Bitcoin price regained strength for a move above the $71,000 resistance. Gold Price Technical Analysis Gold prices started […]
16/09/2024

GBPCAD Wave Analysis

GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD currency pair today reversed down from the strong resistance level 1.7850, which stopped the previous impulse waves (i) and i in July and August respectively. The resistance level 1.7850 was further strengthened by the upper daily Bollinger Band. Given the […]